Category: Wealth Management

7 Financial Road Trip Tips That Won’t Break The Bank

Couple going on a financially healthy road trip using Minster Bank tips

Summer is here and that can only mean one thing — it’s vacation time! With a little pre-planning and self-discipline, it’s easy to stay financially healthy on a road trip. Here are seven tips for saving money and ensuring that your money stays safe during your travels. 1. Budget for Your Trip Ahead of Time… Read more »

Should I Save or Invest My Money?

Woman looks at laptop researching investment account opportunities

When you have enough money to cover your everyday expenses, you should consider saving money for the future. You can choose to put this money in a secure savings account with your financial institution or invest it in the market. There are risks and benefits of each that you should consider before making your final… Read more »

Should I Invest in Stock or Mutual Funds?

Desktop with stock chart, highlighter and calculator

Whether you’re saving for a big investment or hoping to retire soon, the stock market is a good place to make your money work for you. Two of the most common forms of investment are mutual funds and individual stocks. Both of them can provide big returns, but you need to understand each option before… Read more »

From College to Future: Creating Financial Skills for Young Adults

Young adult blonde woman with glasses sits on floor creating financial budget in college

The real world is expensive, and if young adults lack financial aptitude, they will struggle not only fiscally, but emotionally as well. That’s why you need to acquire financial skills as you make your way through college, navigate your first job and learn to save for the years to come. College-Bound: Learn About Money Management… Read more »

Don’t Leave Your Retirement Savings Behind

Mason jar labeled retirement filled with coins next to alarm clock

The process of leaving a job can be a stressful one. If you are on your way to a new job, you will certainly have a lot on your mind. Unfortunately, one major need that you may overlook is what to do with your retirement savings. According to Spencer Williams of MarketWatch, approximately 33 percent… Read more »

How to Organize and Store Your Online Passwords

Smartphone displaying a username and password login

According to a survey by Digital Guardian, 70 percent of people reported they have more than 10 password-protected accounts on the Web. And 30 percent of people reported they have “too many passwords to count.” Does that sound like you? It can be difficult to keep track of everything, and as the number of websites… Read more »

What Should I Do First: Pay Off Debt or Save for Retirement?

Senior man uses calculator to pay his bills

Should you put retirement savings first, or is it better to be debt-free? Or is a combined effort your best plan of action on your quest for financial health and security? Pros of Paying Down Debt Some debt is better than others. A mortgage means you’re investing in a lifetime purchase as well as a… Read more »

How to Plan Your Retirement Using Age Banding

Middle-aged couple looks at retirement planning papers together

As you plan for retirement, two of the most important questions you can ask are “How much money will I need to maintain my standard of living?” and “How long will I need to live on that amount?” Age banding is a concept that can help you answer these questions with greater accuracy, enabling you… Read more »

Why Volunteering During Retirement is a Win-Win

Retired man volunteers outdoors

The number of retirees seeking volunteer work is on the rise. In a recent Consumer Reports survey, two-thirds of respondents between the ages of 55 and 70 said that they planned to volunteer during their retirement. Volunteering can help keep people of any age active and engaged in their communities – two factors that can… Read more »

Pros and Cons of Biometric Authentication

Woman uses fingerprint to authenticate app on her smartphone

You know why it’s important to protect your personal online banking information with a strong password. You even go the extra mile and change your password every 90 days to make sure you’re always one step ahead. But what do you do when your mobile banking app introduces the idea of biometric authentication – and… Read more »