By Pam Reiss How big is your wallet? It might be quite large due to the amount of plastic it holds. Believe it or not, 78 percent of Americans carry $50 of cash or less on them at any given time. That’s because these days, virtually anything can be purchased with credit cards or debit […]
By Paul Mulligan You are eyeing a 15-year fixed mortgage rate of 3.125 percent. But next to the mortgage rate there is another number that says 3.17 percent annual percentage rate (APR). So what’s the difference between the two numbers, and how does it affect you? Your mortgage rate is the baseline interest that you […]
By Celeste Lohrenz Separating from a spouse is not an easy time. Still, important decisions need to be made related to your finances. Following a separation, you should figure out how to live on your own income. You also should learn about what is going to become of your retirement assets, what Social Security benefits […]
By Bob Russo If you had all the money in the world, what would you choose to do for work? That’s the question we’re supposed to ask ourselves to identify what we’d prefer to do for a living. Maybe your response to that question indicates that you’d like to become a photographer, for example, or […]
by Patty Gallagher Do you know how much money you would amass if you paid off all of your debts and sold all of your assets? That number is referred to as your net worth. While we would all like our net worth numbers to be near those of Warren Buffet ($65.1 billion) and Bill […]
By Lynda Mason Today’s difficult economic climate has affected many individual’s finances. And it certainly doesn’t help that the prices of everything—from gasoline (did you know gas costs consumers 5 percent more this year than last year at this time?!) to electricity to food—seem to be increasing. At The Milford Bank, we understand the realities […]
by Chaz Gaines Congratulations on tying the knot! You and your spouse might find yourselves fortunate enough to wonder what to do with your newfound resources. In either case, do you say “I do” to merging your savings and checking accounts or do you keep it all separate? Years ago, it might have seemed like […]
By Lynn Viesti Berube Today’s difficult economic climate has affected many individual’s finances. And it certainly doesn’t help that the prices of everything—from gasoline (did you know gas costs consumers 5 percent more this year than last year at this time?!) to electricity to food—seem to be increasing. At The Milford Bank, we understand harsh […]
By Celeste Lohrenz At The Milford Bank, we understand that your banking needs have evolved in a way that corresponds with our increasingly digital world. And that’s exactly why we’ve added Popmoney to our portfolio of financial services. Popmoney is a peer-to-peer payment service that lets you send money to your friends and family—or anyone […]
By Pam Reiss Today, for the most part, we exchange bills that bear the visages of George Washington, Abraham Lincoln, Alexander Hamilton, Andrew Jackson, Ulysses S. Grant and Benjamin Franklin during financial transactions. Occasionally, you might also stumble upon a $2 bill adorned by Thomas Jefferson. But did you know that the United States also […]
