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FIRST ALLIANCE BLOG

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Saving & Investing (17)

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1 min read

The Power of Compounding Interest

What is compounding interest? Compound interest is interest calculated on principle and on previous years’ interest. To explain the power of compound...

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Basics of CD Ladders

3 min read

Basics of a CD Ladder Strategy

You're probably aware that a certificate of deposit, commonly called a CD, is a type of investment account. You might also be aware of the advantages...

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2 min read

7 Ways to Help Save for Retirement

There comes a time in everyone's life that they starts to think of a retirement plan. Many people don’t think about it until their thirties. By then,...

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retirement

3 min read

Estimating Your Retirement Needs

It is important to have a plan for your retirement, but where should you begin? The first step in estimating your retirement needs is to estimate the...

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2 min read

Planning for your Future with an IRA

Individual Retirement Account (IRA) is an investing tool that is used by people to earn and reserve some funds for retirement life. There are...

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Piggy bank on a calendar

2 min read

Advantages and Disadvantages of a Certificate of Deposit for Savings

A great tool for earning interest on your money is a Certificate of Deposit (CD). A CD is essentially an agreement between you and your credit union...

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2 min read

5 Tips to Save Money

Everyone plans to save money before they get their paychecks, but as soon as that money hits their bank account saving money seems so much harder....

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2 min read

Is Your Savings Ready if Disaster Strikes?

You may have prepared yourself for a disaster by storing water, flashlights, and your emergency supplies bag, but are you ready financially if a...

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2 min read

How to Use Direct Deposit to Help You Save

A direct deposit is a fund that is electronically deposited to your bank account rather than through a paper check. The most common use for a direct...

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Woman between devil and angel

2 min read

How to Use a Tax Refund Wisely

Everyone loves tax refunds. After all, who doesn’t enjoy money in the mail? All too often, though, people forget that a refund isn’t a prize, reward...

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