Blog | Farmers State Bank | Nebraska Bank | Alliance, Chadron, Bridgeport, Atkinson, Dodge,

Tips & Tricks to Responsibly Use a Credit Card

Credit cards are often the first step to a strong financial future and establishing your credit score. However, credit cards can also lead to large amounts of debt that you could be paying for the rest of your life. This is why it?s important to learn how to responsibly use a credit card before you end up with a mountain of overwhelming debt. Here are some of our tips and tricks to help you learn how to use credit cards responsibly.

Types of Agricultural Loans

Nebraska State Bank and Farmers Bank offer five different types of agricultural loans to help out our local farmers. These various loans include real estate loans, equipment loans, livestock loans, FSA loans, and operating lines of credit. In this blog we will walk you through each of these agricultural loans and how they may benefit you.

Secured vs. Unsecured Lending

When it comes to taking out loans, there are two types to consider: secured and unsecured. There are distinct differences between the two and it?s important to understand these differences before making a decision. This will help you increase your financial literacy as well as make the best decision based on your financial health.

Traditional vs. Roth IRA

The primary difference between a Roth IRA and a traditional IRA is the tax treatment. When you contribute to a traditional IRA, the contributions are tax-deductible. When you withdraw from a traditional IRA during retirement, the withdrawn amount is taxable. The reverse happens with a Roth IRA. Contributions are NOT tax-deductible, while the withdrawals during retirement are tax-free.

Frauds To Look Out For in 2021

The economy has seen some drastic changes and events happen in the past year, and unfortunately, this can result in an increase in financial internet scams.