Debt-to-income ratio, also known as: High School Math Class, Revisited People often want more house than they can afford, more car than they can afford, more things than they can afford. Perhaps it’...

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Take the Steps to Build Your Emergency “Rainy Day” Fund You’ve heard it said: “save for a rainy day.” Most of us have probably heard it endlessly repeated from our parents. But there’s som...

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Are you trying to make a big life change but need a little financial help? With all the financing choices out there, it can be challenging to find the right loan or credit option for your situation....

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Small businesses, which create the majority of new jobs, depend heavily on community banks for financing. Although small and mid-sized banks control less than one-quarter of all bank assets, they acco...

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Which is better? It depends on your needs. When deciding whether to take out a Home Equity Loan or Home Equity Line of Credit, consider your goals, your payment schedule, your spending habits and your...

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Life can be difficult when a loved one or we are ill and medical bills start to arrive. This becomes a very stressful time and can cause financial distress. One thing we have to do when medical bills ...

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Community banks are often considered the heart of their communities because of the care and concern they have for families and businesses in the area. Chelsea State Bank makes it their mission to giv...

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Today, many of us are living paycheck to paycheck because of financial situations that happen beyond our control. Someone in our household loses a job, becomes ill, or experiences other hardships like...

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Credit cards have become a way of purchasing today. We all use credit cards to buy now and pay later. When credit card debt begins to pile up, it might be better to pay off the credit card debt with a...

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