Category: Personal Finance

Save Money When You Ace the 30 Day Rule

Two women applying the 30 day rule savings challenge to their shopping habits

So, what exactly is the 30 Day Rule? If you’ve never heard of it before, no worries! It’s an easy way to save money. The rule is this: when you’re out shopping and see something you want, don’t buy it. Instead, come home and write down the name of the item on a sticky note…. Read more »

Success Story: Welcome Home to Marge Meiring

White house with blue shutters purchased with welcome home grant funds through minster bank

Between understanding closing costs and filling out paperwork, buying a home for the first time can be daunting. But for Marge Meiring, a Minster Bank customer who took advantage of the Welcome Home program, it was much smoother. “I’m 67 and I had never bought a house, so I was a little overwhelmed with it… Read more »

How to Talk to Another Insurance Company After a Car Accident

Two men standing by wrecked cars looking at an insurance policy

If you’ve recently been in a car accident, the other driver’s car insurance company might try to ask for a statement. Before you say anything, learn about the risks of talking about the crash with the other insurance company, as well as find a wiser strategy to pursue in this scenario. What Not to Say… Read more »

4 Easy Ways To Make Family Budgeting Fun

Family doing family budgeting using easy tips from minster bank

Setting spending limits and crunching numbers isn’t a traditional recipe for family fun. But it is possible to make the process of creating, maintaining and benefiting from family budgets an enjoyable one. You and your family will find financial joy within the budgeting process with these tips. 1. Talk It Through Finances are a complicated… Read more »

Budget-Friendly Wedding Tips that Won’t Break the Bank

Woman trying on wedding dress and planning a wedding on a budget

Weddings are a celebration of love, joy and commitment, but between booking a venue, ordering the catering and sending out invitations, your expenses can pile up and put a damper on the fun. In 2018, the average wedding cost more than $44,000 — that’s more than the average student loan for a four-year degree. But… Read more »

Pros and Cons: Should You Open a Joint Account?

Young couple checking their bank account, considering the pros and cons of a joint bank account

You might be wondering if it’s a good time to set up a joint bank account. Maybe you’re getting ready to tie the knot or finally consolidate your money with your spouse. There are many benefits to having a joint bank account, but is it the best option for your situation? Pros of Opening a… Read more »

Baffled with Budgeting? Banking Online Gets You More Bang for your Buck

Ever wonder why so many people love mobile banking? It’s probably because banking online is a great way to set, track and stick to a budget. And according to CreditCards.com, in 2016, 62 percent of Americans cited digital banking as their primary method of banking. There are many benefits to tracking your spending on an… Read more »

Success Story: Welcome Home to The Hennings

First-time homebuyers Tristan and Kenisha Henning stand in front of their new home

When Tristan and Kenisha Henning and their three-year-old son began looking to buy their first home, it was Kathy Sampson at Minster Bank’s St. Marys location who first suggested they apply for the Welcome Home funds. “Kathy was the first person to bring it up to us and explain it to us,” Kenisha Henning said…. Read more »

Free Money? Learn More About the Welcome Home Program

House made out of money representing the free money that comes with the welcome home grant

Thanks to the Welcome Home Program, made possible by the Federal Home Loan Bank of Cincinnati, eligible homeowners could receive up to $5,000 toward the purchase of their new residence, increased up to $7,500 for homebuyers who are honorably discharged veterans or active duty personnel. The borrower must maintain ownership and reside in the property… Read more »

Three Reasons to Go Paperless in 2019

Woman uses laptop and enjoys paperless lifestyle

According to a 2017 survey by Javelin Strategy and Research, approximately 61 percent of checking account customers subscribe to paperless statements. Are you one of them? Discover three reasons to go paperless with your banking statements and other communications this year. Reason #1: Help the Environment Perhaps the most obvious benefit of going paperless with… Read more »