5 Common Business Loan Mistakes (and How to Avoid Them) There are many small business loan mistakes that could leave you unable to obtain the financing you need, getting hit with high interest costs, or taking on too much debt. We know that small businesses are vital to our economy, so we put together […]

  5 Everyday Banking Tasks You Can Do From Your Phone Staying on top of your finances is easy when you use Flanagan State Bank’s Mobile Banking  We all know life these days is very hectic and packed with work, taking care of family, and what else we have on our plate. That doesn’t mean […]

Fraud: What Your Bank Will Never Ask You For (and How to Know It’s Really Us) Banking has changed a lot over the years. Many of us now deposit checks from our phones, check balances on the go, and move money without ever stepping into a branch. These tools make everyday banking easier, but they […]

Planning for the future, particularly when you don’t know what could be around the corner, can feel overwhelming. It’s that feeling of being overwhelmed that can often cause people to do nothing and only think about their immediate financial needs.    But having a safety net to fall back on should the unexpected happen can […]

When it comes to carrying cards, there are typically two types of people: those who rely solely on credit cards and those who stick to their debit cards. Credit card carriers may believe that credit is safer than debit, while some debit card users grew up hearing cautionary tales about overspending with credit cards. What […]

From texting scams to fake online marketplace ads, there are no shortage of ways that local and cybercriminals can use technology, as well as digital vulnerabilities, to scam money out of unsuspecting victims. Check fraud may not seem like a high-tech crime. In fact, it’s been around for centuries—at one point getting so bad that […]

When it comes to preparing for retirement, do you find yourself asking, “I know the basics, but am I really educated about retirement planning?” We hear over and over again about the importance of saving for retirement, but what will you actually do with your time once you’re there? From encore careers to staying healthy […]

With today’s higher interest rates, certificates of deposit are becoming an increasingly popular savings choice. But, as with many savings products, understanding the interest rate—and the specific way it’s calculated—can make a difference in the return on your investment. In this post, we’ll offer a basic primer on how compounding and non-compounding (simple) interest rates […]

With the tax deadline fast approaching, it’s easy to feel unprepared and overwhelmed. But it’s not too late to take advantage of some last-minute tax tips for 2023 that can help you save money and maximize your return this year. Whether you’re an individual taxpayer or a business owner, you can benefit from several strategies […]

Whether it’s your first or your fifth, signing up for a new credit card is an exciting moment but comes with some important responsibilities. They’re a powerful tool that can give you access to countless benefits and improve your credit score when used thoughtfully. This guide will help you be prepared with the best credit […]

In this guide, we’ll share tips for buying a new vehicle now or anytime in Central IL.

You’ve saved your money for a down payment and are ready to buy a home. But what if you can’t find your dream home for sale in today’s crazy real estate market? New home construction may be a viable alternative for homebuyers frustrated with the scarcity of listings. In this guide, we’ll explore the differences […]

When considering buying a home, your upfront down payment can play a major role in your future housing expenses if your loan program requires it. According to the Consumer Financial Protection Bureau, the amount you save can greatly influence your interest rate, monthly housing payment, and mortgage insurance needs. If you aren’t planning on using […]