In recent months, the U.S. Federal Reserve increased the benchmark interest rate for lenders, the highest hike since the 1980s, to combat rising inflation for everyday Americans. Here’s what you need to know about managing your farming operation with higher interest rates.
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Banking fees are the cost of a service that a bank provides. Fees are a fact of banking, but with some planning, you can save yourself extra money from overpaying on fees. Here are five banking fees and how to avoid them.
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With the permanent extension of Section 179, consider buying new equipment. Talk with your accountant or financial advisor and take full advantage of Section 179 tax benefits. The money you can save will allow you to expand operations and invest in your employees.
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Owning a business comes with great responsibility. Taking over a family business that’s been around for over 100 years adds yet another layer of complexity. Learn a few tips from Gag Sheet Metal located in New Ulm, Minnesota.
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Ask yourself this question: “If I couldn’t work for six months or a year, what effect would that have on my household?” If you work full-time and have people who rely on you, it’s probably time to consider disability insurance.
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A revocable living trust is practical for many individuals and families because it transfers assets in 3 areas: control, probate, and taxes. And, it’s one of the most effective estate management tools.
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Consider insurance needs for your college student’s possessions, apartment or dorm room, and the car he or she takes to school.
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Succession and estate planning can be difficult and emotional for many American farms. However, they are necessary for the health of the farm and the future of the family members involved. Lack of direction in transferring the farm can make moving forward difficult for everyone involved.
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Smart insurance involves continually reviewing your lifestyle and financial obligations for your family and your business. Keep your coverage current to match and grow with the changes you make personally and professionally.
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Whether you want to maximize your management or keep it simple, the Bank Midwest app has tools to build your financial journey for your specific needs. Here are five ways to customize your Bank Midwest mobile banking app to fit your needs.
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A credit balance transfer is a potential solution that you can use to avoid high interest and pay off credit card debt. But you will need to use this method carefully because it doesn’t truly eliminate your spending history.
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The right type of financing can help you achieve your dreams and goals as a business owner. There are many different types of business loans specifically for businesses that are designed to fulfill certain needs. While a professional loan officer can help you pick the right financing option for your business’s requirements, start here…
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The Federal Reserve, or The Fed, raised interest rates this year to combat rising inflation. Here are four things you need to know about your finances with raised federal interest rates.
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Busch Brothers Machining in New Prague, MN, like so many other companies are challenged with finding the right combination of controlled growth in terms of customers, materials, and staffing. Busch Brothers also understands the importance of partnering with the right bank and financial partner like Bank Midwest.
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Many small businesses are not prepared to handle a cyber incident. Here are answers to the most important cyber insurance questions.
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What do you need to consider when you want to bring a furry friend into your family? Here are the steps you need to take to explore the expected annual costs of owning a dog or cat.
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Insurance is a necessary but not always high priority item in your business plan. Obviously, you need protection from commonly experienced losses like theft, liability, and employee injury. But are you managing your risk strategically or treating it like something on your to-do list?
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Fraud is serious business. The best way to protect your business from fraud and corruption is to understand the risks and put preventative measures in place.
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Fraudsters are at work every day to steal your personal information and money. Even though new scams are emerging almost every day, you can always rely on the basics to stop internet fraud in its tracks. Here are three red flags you should look out for to avoid internet scams.
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You may be starting a business with your own drive, passion, and talents. But you’ll need some critical business tools to keep it going. Luckily, there are plenty of options to help you stay on track of anything business-related, from cash flow to communication. Here’s our breakdown of the essential tools you need to make your business run like a machine.
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