No matter how detailed your monthly budget spreadsheet is, life happens, and when it does, hopefully, you're prepared. Large and unexpected expenses can make sticking to a consistent spending plan challenging, especially if you live paycheck-to-paycheck and try your best to keep spending to the minimum. Unexpected expenses can throw off even...
There is a significant difference between being financially literate and achieving financial well-being. Financial literacy is the junction of economic, credit, and debt management knowledge needed to make financially responsible choices fundamental to our everyday lives. Financial literacy impacts families as they try to balance their budget,...
When Mechanics Cooperative Bank began discussing ideas for a new community based charitable program, we wanted something innovative, mutually beneficial for all and of course, fun. So, we're proud to announce that the bank and our staff created “Jeans Fridays for Charity,” and we are thrilled to report this dress-down themed initiative raised...
When you choose a bank, it is crucial to find the products, services, and rates that meet your needs. As you assess large national banks vs. local banks for your needs, you may question if the size of an institution matters, and to some extent, it does. However, when choosing an institution for your financial necessities, it is better to...
As a business owner, you may consider leasing or acquiring a commercial property to manage your company. While leasing can be a convenient and quick possibility, many business owners favor having their own space. Similar to a personal mortgage loan used to buy residential homes, companies can use a commercial mortgage loan to purchase a...
