Overcome Financial Stress in Ohio

Achieve Financial Stability in Ohio with 1^st National Bank’s Solutions

Introduction

In Ohio, residents face significant financial stressors that challenge their daily lives and future security. Recent findings highlight key areas where Ohioans are feeling the pinch:

1. Food Insecurity: The rising cost of food and supply chain disruptions have exacerbated food insecurity across the state. With the expiration of pandemic aid, many Ohio households face cuts to food assistance programs, increasing reliance on food banks. This issue is critical as it affects numerous families struggling to meet basic nutritional needs.
2. Inflation and Economic Anxiety: Inflation remains a persistent stressor, with Ohioans worried about rising prices affecting their standard of living. Holiday spending and global economic concerns add to this stress, putting additional financial pressure on many during what should be a season of joy.
3. Health and Wellness Concerns: Health-related financial stress is also prominent, with increasing costs for healthcare and prescription drugs. Seasonal illnesses like the flu and COVID-19 further strain household budgets, especially for those without adequate health coverage.

These issues paint a picture of a state grappling with multifaceted financial challenges that impact various aspects of life—from basic needs like food and healthcare to broader economic stability.

For more detailed insights into these challenges and how they affect Ohioans, you can visit resources like the Ohio State University Wexner Medical Center’s recent survey findings on holiday stress and financial strain here, or learn more about the food insecurity situation from local news sources like the Ohio Capital Journal here.

At 1^st National Bank, we offer tools and solutions for financial stability.

Ohio’s Economic Challenges

Many Ohioans deal with rising living costs, which complicate savings and budgeting. Our Financial Planning for Beginners guide offers key budgeting, investing, and debt management tips like:

1. Establish a Budget and Stay Committed
2. Begin Investing Early
3. Determine Your Risk Tolerance
4. Assess Non-Essential Expenses
5. Regularly Review Your Investment Portfolio (or Financial Statements)
6. Prepare for Taxes
7. Prioritize Insurance
8. Manage Your Debt
9. Build an Emergency Fund
10. Factor in Inflation
11. Plan For Retirement
12. Monitor Your Credit Score

1^st National Bank’s Financial Solutions

1. Secure Checking Account Upgrade to our Secure Checking Account for major benefits:

   • Retail and Shopping Rewards: Save more with cashback and discounts at major retailers.¹
   • Travel and Leisure Discounts: Access special rates for travel and vacations.¹
   • Healthcare Cost Reduction: Cut medical expenses with our savings network.¹

   Learn more about Secure Checking here.

2. Credit Cards for Everyone Choose from our tailored credit cards to fit your lifestyle:

   • Rewards Platinum Visa®³: Earn unlimited points and protect your purchases and phone.**
   • Cash Rewards Platinum Visa®³: Get 1% cash back on all purchases, enhancing your savings.**
   • Visa® Signature: Enjoy exclusive travel benefits and bonus rewards.**

   Find your ideal credit card here.

3. Refinance Your Mortgage Use our competitive refinancing options to improve your financial position:

   • Lower Your Monthly Payments: Reduce monthly costs and free up money for other needs.
   • Consolidate Debt: Combine multiple debts into a single loan with lower interest.
   • Cash-Out Equity: Use your home’s equity for big expenses.

   Start saving by refinancing today here.

Conclusion

At 1^st National Bank, we help Ohioans navigate financial complexities. With our educational resources, personalized products, and dedicated service, achieving financial success is within reach. Join us and transform your financial future.

Sources

Federal Reserve Board Survey of Consumer Finances – https://www.federalreserve.gov/econres/scfindex.htm

Ohio State University Wexner Medical Center Survey: From inflation to world affairs stressors, pile up for Americans this holiday season – https://wexnermedical.osu.edu/mediaroom/pressreleaselisting/survey-from-inflation-to-world-affairs-stressors-pile-up-for-americans-this-holiday-season

Ohio Capital Journal: Food insecurity in Ohio as bad as ever

Food insecurity in Ohio as bad as ever

Member FDIC and Equal Housing Lender.

*The material provided on this Website should be used for informational purposes only and in no way should be relied upon for financial advice. Also, note that such material is not updated regularly and some of the information may not, therefore, be current. Please be sure to consult your own financial advisor when making decisions regarding your financial management.

¹Special Insurance Program Notes: The descriptions herein are summaries only. They do not include all terms, conditions, and exclusions. Insurance is offered through the company named on the certificate of insurance and/or benefit guide. Refer to Insurance Document for complete details of coverage. Insurance Product is not insured by FDIC or any Federal Government Agency; not a deposit of or guarantee by the bank or any bank affiliate.

** See the card application’s Important Disclosures for current terms, rates and fees. This card is issued by TCM bank, N.A. Subject to credit approval.
² Certain terms, conditions and exclusions apply. In order for the coverage to apply, you must charge your eligible cellular wireless bill to your covered TCM Bank-issued card. To learn more about this benefit or to file a claim visit the FAQ section at www.cardnebefitservices.com or call 1-866-894-8569.
³ Available with Rewards Platinum and Cash Rewards Platinum credit cards only. To access rewards, your account must be open and in good standing.