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Perform Financial Check-Ups for Your Family

Being in charge of the family’s finances is an awesome responsibility. In addition to providing your family with the basic necessities of life, you may feel responsible for their overall financial well-being. One of the best ways to care for your family is to be sure that you are prepared if something were to happen to you […]

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Assemble a Financial Team

Managing your finances can be like putting together a puzzle; all the pieces need to fit in order to be rewarded with the “big picture.” Working with one or more of these financial professionals can help put the pieces in place. Tax advisor. Tax advisors provide tax advice and assistance to consumers. Tax advisors can help you […]

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Identify and Plan for Periodic Expenses

You may have a good idea of where the money is going on a day-to-day basis, but before you start working on a spending plan or budget, it is important to call attention to the top budget breaker:  Periodic Expenses Periodic expenses are those that are not paid on a regular monthly basis. For example, both holiday […]

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Why Balance Your Checking Account

In an age of online banking and smartphone apps, many consumers no longer bother to balance or reconcile their checking accounts. But there are still some good reasons to go through these seemingly outmoded exercises. Balancing. Balancing a checking account shows how much money is available. To balance an account, add all your deposits to the […]

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Secure Your Financial Future

Do you know what you will need to have a secure retirement?  Use STAR’s Retirement Plan Calculator to help you create a retirement plan.  And if you find you’re behind on your goal, don’t despair.  If it’s any consolation, you’re not alone; studies show many households are not adequately prepared for retirement. Here are some things to […]

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Do You Pass the Debt Test?

Freedom from debt is an achievable goal for every family. The first step in regaining control is to take an honest look at your existing obligations. Take the following debt test to determine if you need a plan for payoff. Is an increasing percentage of your income going towards paying down debts? Is your savings […]

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Know Your Net Worth

In simple terms, net worth is the difference between what you own and what you owe. If your assets exceed your liabilities, you have a positive net worth. If  your liabilities are greater than your assets, you have a negative net worth. Your net worth provides a snapshot of your financial situation at this point in time. If […]

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Get Copies of Your Credit Reports

Your credit reports can provide a snapshot of your overall financial situation. Reviewing your credit reports for accuracy can also help you to identify errors or fraudulent activity. Fortunately, it is easier than ever to obtain copies of your reports. The FACT Act gives every consumer the right to a free credit report every year […]

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Clearing Out Financial Clutter

You may be anxious to get started, but it is hard to get motivated when you are knee-deep in paperwork. Getting your financial house organized is a great way to begin on your path toward financial wellness. But before you bulldoze that pile, you should know that some things are worth hanging on to. The key is […]

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10 Tips for Tough Financial Times on the Farm

“We encourage producers to keep the lines of communication open with their lenders,” said RJ Logan, Senior Commercial Banker. “We’re here to help guide you through tough financial times on the farm.” To help producers prepare financially for a changing agricultural economy, STAR Bank has prepared the following tips: Cash is king. Carefully examine every […]