Archive: Financial Education

Are You Keeping Up with Your Financial Fitness?

Taking care of your physical health is extremely important, but it’s also beneficial to keep up with your financial fitness. Your financial fitness determines how much your financial status impacts your day-to-day life, how on track you are towards achieving your financial goals, and if you’re able to cover emergency ...read more

Understanding IRAs and Taxes

Are you saving for the future? Individual retirement accounts are a common way to put money aside for your retirement years. However, do you understand the difference between traditional and Roth IRAs and how these accounts can affect your taxes? Let's break down how IRAs function and how they can ...read more

Top Budgeting Myths

Creating a budget is one of the best financial decisions you can make for yourself and your loved ones. Not only does a budget help you determine and reach your long-term goals, it will also help you manage your day-to-day spending and gain control over your finances.  Even so, starting the ...read more

Financing Your Home with a Low Down Payment Mortgage

Buying a home is a landmark decision — but what if you can’t afford a down payment? For some, coming up with the traditional 20% down payment necessary for buying a home can be a challenge based on numerous circumstances. However, low down payment mortgage options from First Mid can ...read more

First Mid is Your Financial Education Resource

We are committed to having a positive impact in all the communities we serve — whether it be through conducting financial education, providing access to capital for small business owners or providing financing for purchasing a home, or delivering financial services like Wealth Management and Insurance. First Mid is devoted ...read more

Financial Tips to Prepare College Students for the Real World

At First Mid, we care about the financial success of all our customers — from students of all ages to those new to the workforce, from those with spouses and families to those who are nearing retirement. We are here to help customers in all walks and stages of life. For ...read more

Savings Tips for Mortgage Closing Costs

Saving for your next home’s mortgage loan can be a complicated undertaking. When it comes to payments, interest rates, taxes, and refunds — the math of it all starts to become a blur. Here are four tips our mortgage lenders recommend to help you get started. Open a Separate Savings Account ...read more

Deposit Interest Rates and APYs Explained

When it comes to saving money, you might shop around before choosing an account where you want to deposit your money. When you do, ‘Interest Rate’ and ‘APY’ are words you will see and hear as you look at deposit products such as savings accounts, money markets, and certificates of ...read more

Personal Savings

As we continue into the new year, it’s a good idea to schedule some time to review your financial health. One step you may be thinking about taking is starting or growing your personal savings. A savings account can serve you in the following ways. Spend Without Borrowing or Using CreditA ...read more

Holiday Spending Tips

Ready to start your holiday spending? Follow these five simple tips to stay on track with your expenses: Start with a list. Make a list of the people you want to purchase a gift for. Then, make a second list of your other planned holiday expenses — gas, hotel stays, ...read more