It’s no secret that we’re experiencing uncertain economic times. While unemployment remains low, inflation is at a record high and increasing. In response, the Federal Reserve has raised interest rates to help slow the rate of inflation. So, everyone is asking the same question: Are we in a recession? And if so, what should we… Read more »
The Story Behind Minster Bank’s Community Shred Event Series
Every year, Minster Bank hosts a series of events called “Community Shred” events at multiple locations. At these events, all community members are encouraged to bring various paper documents containing sensitive information to be safely disposed of ― via a Shred-it truck outfitted with a portable shredding machine. The Community Shred events have been a… Read more »
How to Organize and Store Your Online Passwords
This blog was originally published in 2019, and it was updated in 2022. 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… Read more »
Financial Basics: How to Write a Check
When it comes to financial literacy basics, knowing how to write a check is a must. Although paper checks aren’t used as frequently as they once were, they still have their place. Some common scenarios that might require you to write checks for payment include: • Rent • Utilities (electricity, natural gas, water, etc.) •… Read more »
Meet the Class of 2022: Minster Bank Scholarship Recipients
For Minster Bank, giving back to the communities we serve is a true privilege. One of our favorite ways to do this is through our annual scholarship program. In 2022, we awarded a total of $15,000 in scholarships to 15 local graduating high school seniors in the communities we serve. To be eligible for the… Read more »
Financial Benefits and Drawbacks of Homeschooling
Homeschooling is an increasingly popular choice for parents who want to customize their children’s education outside the traditional system. In addition, some parents also prefer the health and safety advantages of homeschooling their children. However, homeschooling also requires careful budgeting and planning. Consider the following financial pros and cons as you weigh your decision. ✅… Read more »
How to Manage Cash Flow for Your Small Business
For your small business to be as successful as possible, you need to have a firm grasp on cash flow. Understanding your cash flow and how to manage it is essential for both long-term stability and confronting issues in the short term. Read on to learn more about cash management and how you can improve… Read more »