How to Avoid a Cash Flow Crisis

No one type or size of business is immune from cash flow problems. While they are most likely to strike a younger business when management is more prone to underestimating sales cycles or collection timeframes, all businesses become susceptible when the economy unexpectedly down-shifts, exposing them to sudden shifts in demand. Sometimes, a profitable business Read More »

Remote Deposit: There Are Lots of Ways To Get Paid

Small business owners face a number of challenges in growing and operating their companies, but advances in technology have simplified one facet of business – payments. Digital and mobile technology provide business owners quick access to capital, freeing up time, expanding growth options and cutting “paperwork” down to a few clicks of the mouse. Historically, Read More »

Six Items for Your New Home “To Do” List

Congratulations on your new place! Now that you’re settling in, there are some important things you need to consider. Burke & Herbert Bank recommends these six important tips: #1 Create a Budget The key to a good budget is including as much information as you can, so that you can adequately prepare and plan. It’s Read More »

Millennials: Should You Rent or Buy?

Millennials looking to make their next housing move face a tough decision: to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. “Millennials should weigh a number of factors before Read More »

Six Tips to Save for a Down Payment

When considering buying a home, the down payment you make up front plays a major role in your future housing expenses. According to the Consumer Financial Protection Bureau, the down payment amount can greatly influence your mortgage interest rate, your monthly mortgage payment and your need for mortgage insurance. Typically, lenders require anywhere between five Read More »

Six Tips for Your Financial Spring Cleaning

It’s time for spring cleaning – time for cleaning, sorting and tidying up around the house. Spring is also a great time to do some financial organizing and tidying up as well. To help get you started, here are six tips for getting your financial house in order: #1 Review Your Budget A lot can Read More »

Understanding Your Credit Report and Establishing Good Credit

Your credit report tells the story of your financial history. Credit information is gathered from creditors and public records and maintained by the three major credit reporting bureaus – Equifax, TransUnion and Experian. It contains everything from your name, Social Security Number, address and employment status to credit card accounts, mortgages, car loans and student Read More »

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