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Archive - October 2021

Small Business Financial Statements

Learn about the three most important financial statements

Posted On: October 26, 2021 by First Option Bank in: Banking, Financial Wellness, Tips & Tricks

Business financial statements don’t have to be intimidating, and understanding how to read them can help your business thrive. Learn about the three primary financial statements that are critical tools for managing your business: income statements, balance sheets, and cash flow statements.

This lesson will help you:

Understand the importance of business financial statements Learn how to use income statements, balance sheets, and cash flow statements Explain how business...
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Tags: Financial Education, Financial Wellness, Small Business, Small Business Financial Statements

Planning for Financial Caregiving

Learn the benefits of planning for financial caregiving

Posted On: October 19, 2021 by First Option Bank in: Financial Wellness, Trust Services

Financial independence can be difficult to maintain once you or a loved one becomes ill or mentally impaired. While you can’t plan for every circumstance, there are decisions you can make now that will help make potential unforeseen situations easier.

This short course will help you:

Explore future situations where you might need a financial caregiver Compile the documents needed to create a financial plan Discuss the topic of appointing a financial caregiver with...
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Tags: financial caregiving, Financial Education, Financial Wellness, First Option Financial Services

Estate Planning

How to use estate planning to secure your future.

Posted On: October 13, 2021 by First Option Bank in: Financial Wellness, Trust Services

Anyone with assets, dependents, or specific wishes for how they want to be taken care of in old age should consider estate planning. Putting off these decisions can cause unnecessary stress during what is already a difficult time for your loved ones.

Learn how to start planning, with insights around:

Why you should consider an estate planning strategy The differences between wills and trusts and the different options available Considerations that should be discussed during...
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Tags: Estate Planning, Financial Education, Financial Wellness

Certificates of Deposit

How to use CDs to reach your financial goals.

Posted On: October 5, 2021 by First Option Bank in: Financial Wellness

Certificates of Deposit, or CDs, are a type of financial account designed to hold your money for a fixed amount of time with low associated risk – and you earn guaranteed interest in return! Learn more about what is involved in opening a CD to decide if this saving tool is right for you.

This lesson will cover:

CD options offered by financial institutions How to calculate your interest earnings The pros and cons of CDs, compared to other accounts


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Tags: Financial Education, Financial Wellness

Economic Update

October 2021 Economic Update

Posted On: October 1, 2021 by First Option Bank in: Financial Wellness, Insurance Services, Investment Services, News

In this month’s recap: Stocks hit some turbulence, turning cautious amid slowing economic growth, and policy debate in Washington.

Monthly Economic Update

Presented by First Option Financial Services, October 2021


U.S. Markets

The stock market hit a pocket of turbulence in September, with investors turning cautious amid Delta variant infections, slowing economic growth and ongoing policy debate in Washington.


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Tags: Economic Update, First Option Financial Services

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