How to Plan for Retirement in Your 30s

Couple in their 30s looks at phone and plans for retirement

Whether you’re playing catch-up or fine-tuning established investments, your thirties are crucial years for strengthening your financial future. Consider these tips to help make your road to retirement a bit smoother. Know Your Investment Options Whether you’ve already been saving for retirement or you want to get started, it’s important to be aware of your… Read more »

How Much Should You Actually Spend on Housing?

Young couple unpacks boxes in their new home

When you’re laying out your budget, housing money is probably a pretty big chunk. But are you setting your housing budget wisely? Before you sign up for a new lease or mortgage, make sure the monthly payments won’t ruin your financial plans. Following the 28/36 Rule As with many financial concepts, there’s a rule to… Read more »

Success Story: Minster Bank and Moran Refrigeration

Moran Refrigeration building in St. Marys, Ohio

Small business owners need a bank that truly knows them and understands their company.  That’s why Doug Moran, owner of Moran Refrigeration in St. Marys, Ohio, has been a Minster Bank customer for nearly 20 years. Moran’s company itself has been serving northwest Ohio’s appliance needs since 1947. Local Focus at a Community Bank Moran… Read more »

How to Budget for Entertainment and Leisure

Group of friends enjoying a leisurely activity after budgeting for entertainment

Budgeting is daunting, especially since it means cutting down on how much money you can spend on entertainment and leisure. But being smart about your spending doesn’t mean cutting out fun altogether. Remembering entertainment in your budget will help you stick to it and enjoy the times you do decide to spend.  Setting a Realistic… Read more »

Five Signs of Financial Trouble for Your Small Business

Small business owner working on financial problems at desk

Financial troubles for your small business typically don’t happen overnight. By paying attention to the following warning signs, you’ll be better prepared to protect your business from serious financial ruin down the road. Problem #1: You Have an Unbalanced Cash Flow When the money you’re spending to cover operating costs starts to exceed the amount… Read more »

Does Your Company Qualify as a Small Business?

Young male business owner looks out window in shop

The term “small business” is more than just a title — it’s a government-defined designation that comes with unique benefits. If your company qualifies as a small business, it may be eligible for the Small Business Association’s programs, which include loans, grants and disaster assistance. Furthermore, the federal government sets aside contracts for competition among… Read more »

Charitable Giving: Make a Big Impact on a Small Budget

Little girl plants tree in earth with parents’ hands helping

Between medical expenses, car payments and rent, it can be hard to find room to give, no matter how much you want to contribute to a good cause. With the following tips, you can still help those in need even while on a tight budget yourself.  Pick a Cause You Care About Before you decide… Read more »

Financial Literacy With Minster Bank: Students Gain Money Smarts

Students at Minster School participating in financial literacy program with MInster Bank

During the 2018-19 school year, Minster Bank will reach around 2,000 students from kindergarten to high school through their financial literacy programs. Through these programs, which are held in each of the counties where Minster Bank branches are located – Auglaize, Shelby and Miami – Minster Bank representatives teach students financial skills in a fun… Read more »

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 »