How do I calculate my net worth?

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 […]

Hidden Ways to Save Money Each Month

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 […]

Just Married: What to do with your finances?

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 […]

Hidden Ways to Save Money Each Month

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 […]

The Milford Bank: Focused on Turning Your Children into Cent$ible Kid$

By Bob Russo Recent research indicates that 27 percent of parents with children who are minors don’t have any money saved for them. What’s more, in 2012, the average financial literacy score for high school students was a “D.” It’s never too early to start learning about finance. That’s precisely why we at The Milford […]

Have you heard of Popmoney?

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 […]

What Do You Know about Defunct U.S. Currencies?

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 […]

Three Things You Wish You Knew about Finance in Your 20s

Hindsight is an amazing thing, particularly in the world of finance. Take our word for it because we’ve lived through those years: There are a whole lot of things we know now about finance that we wish we did when we were in our 20s. But, like you, we were too busy getting our first […]

Homeowners: Is it Time for You to Refinance?

Buying a house is a major decision for anyone. But over time, that decision—no matter how complex—pays dividends as your house becomes your home. For many Americans, home ownership is most likely the greatest expense they will undertake during their lives. Although the market has shown vast improvement—recent research shows that only 4 percent of […]

Why Nonprofits Need a Personal Financial Touch

By John Kuehnle At The Milford Bank, we pride ourselves on our commitment to nonprofits—and a large number of them have certainly captured our attention and hearts. Nonprofits are just like any other business in the sense that they need help with managing their finances and investments. After all, the more money such organizations are […]