First Commerce Money Minute

At First Commerce, we believe in empowering you with the tools you need to take control of your finances.

We are proud to partner with WCTV to feature Money Minute. Money Minute is a quick one minute segment with tips to enhance your financial well-being. Tune in on Mondays during the WCTV 5:30 pm broadcast for segments to appear on air. Local experts offer tips for reaching your financial goals, managing your money and protecting yourself from fraud. That’s the Power of You!

While winning the lottery is a dream of many, the reality is that accumulating savings doesn’t happen overnight. Creating a financial savings cushion takes time, commitment, and planning. As savings grow over time, here are a few types of accounts and features that may be beneficial beyond a traditional savings account.

Do you know when the right time is to start planning for your retirement? Financial planning can help you pursue your retirement goals by reviewing your entire financial picture. Here are some considerations regarding retirement from experts at Six Pillars Financial Advisors.

Cyber criminals are getting bolder in their use of emails, texts, calls, and even fake “look-a-like” web sites and fraudulent social media posts to lure victims into sharing personal information to try to gain access to online accounts. Here are some tips to help keep your online accounts secure.

 
There are many rewards credit card options and offers to choose from, and it’s important to understand what is offered. Here are three things to consider when deciding if a rewards credit card makes sense for you.

If you have loans or debt, it’s good practice to review your finances periodically to identify potential opportunities to lower monthly payments, eliminate debt and enhance your financial wellness. Here are some considerations to keep in mind for lowering or consolidating debts or payments.

The right checking account can be a powerful tool to improve your financial well-being, but choosing the one that’s right for you can feel overwhelming. Here are five considerations and questions to keep in mind when choosing a checking account.

Relationship scams, also called "romance" scams, are when someone sets up a fake online profile on a dating site or social media with the intent of deceit. Sadly, these scams are another form of victimization. Here are three ways you can help protect yourself from being lured into a relationship scam.

Today’s technology makes banking easier and more convenient than ever before with services such as mobile banking and bank-by-phone. But for some transactions, you may prefer to talk with a teller at your financial institution. Video Teller Service is a convenient way to see and talk with a teller – either in the drive thru or in the lobby. Read more to learn about the benefits of using Video Teller Service.

Overdraft fees, also known as non-sufficient fund fees, happen when a withdrawal or debit card purchase causes an account balance to go into the negative. If you have ever experienced the unpleasant surprise of your account being overdrawn, you are not alone. Almost 1 in 5 people report having overdrawn their bank accounts at some point in their life. In this video, we share a few tips to reduce the chances of overdrawing your account and paying overdraft fees.

Understanding Installment Payments
As online shopping continues its upward trend, many shoppers are using the payment option at checkout: Buy Now, Pay Later. This type of instant financing allows consumers to receive their purchases now and pay in smaller monthly installments over time. While getting your items now and paying for them later can be tempting, it can also carry financial risks if not managed properly. Here are four pitfalls to be aware of with installment purchasing.

Buying a home is often considered one of the best long-term investments you can make. Perhaps you’ve been thinking about buying a home, but aren’t sure what information you will need to complete your loan application. It’s not as complicated as you might think. In this Money Minute segment, we’re sharing some of the key documents you’ll need when applying for a home loan.

Whether you make purchases online or at a brick-and-mortar store, credit cards are a convenient way to pay for goods and services. Using a credit card that offers rewards for purchases can offer additional benefits. With holiday spending in full swing, and many rewards credit card options and offers to choose from, it’s important to understand the difference between different types of rewards programs so you can choose a credit card that’s right for you.

Are you one of the 36 million U.S. households expected to receive the Advance Child Tax Credit Payments? Any time you receive unexpected income, it can be tempting to spend it right away. Watch this segment for important tips for you to consider alternative ways to use extra income.

These days, there’s more than one way to manage your banking needs. A variety of remote and online banking services gives you the power to manage your accounts on your schedule. In this Money Minute segment, we’re sharing the benefits of remote and digital banking.

We’re all spending more time on our computers and the internet. Ransomware is an increasingly common threat to both your personal and business information. Protect  yourself from fraud or identity theft online with these helpful tips.

It’s never to early to start building strong financial habits with your kids. By teaching them smart money habits early, you can set them on a path to a healthy financial future. Use these tips to teach your child smart saving habits.

If you own a small business and have thought about applying for a loan to take your business to the next level, consider these steps to help your loan application go smoothly.

Have you ever thought about setting financial goals for your future, but you're not sure where to start? Working with a financial advisor can be a great option. In this Money Minute segment, we're sharing tips to help you get started on the best financial path.