The Financial Accounts Everyone Should Consider

Diving into the choppy waters of financial planning can feel intimidating, especially when you realize just how many types of accounts there are. Thankfully, many experts agree that there are a few accounts everybody should consider ...

Common Business Budget Breakers

When you run a small business, every dollar counts. Even with a great vision and budget sheet, you may be losing money on a regular basis by paying too much for things you need or paying for things you don’t actually need at ...

What Is Collateral and Why Is It Important

The fundamental difference between a secured and unsecured loan is the collateral requirement. But what is collateral? Why is it important? And what is a lien? You’ll learn all about it below. Definition of collateral Collateral ...

Are You Ready for a Vacation Home?

In the afterglow of a rejuvenating getaway, buying a vacation home can seem like an especially attractive idea. What could be better than having a place of your own near your favorite beach, mountain range or artsy small town? ...

Don’t Forget These Hidden College Costs

College costs go far beyond tuition — according to a study by the College Board, 61 percent of college costs go towards expenses other than tuition. While you may begin your academic career expecting to pay for books, room and ...

Should You Work With Your Family?

Often, the people you work with become like family. You work side by side for long hours, under stressful deadlines, or in challenging situations. Why not work with people who are part of your family? After all, they have loved ...

Understanding Investment Risks

The principle of “The greater the risk, the greater the reward” is tossed around a lot when it comes to gambling with your financial life. The potential for a great reward attracts many investors, but it’s not guaranteed. ...

Resolving Customer Debt

If they go unpaid for too long, customer debts can drag down the bottom line of your small business. However, collecting on these debts requires careful planning, knowledge of state and federal laws, and a commitment to clear ...

Colonial Celebrates 69 Years of Business

On Tuesday, February 2, Colonial celebrated our 69-year anniversary! Our founder, the late Jimmy DuBose, had a vision to bring affordable and reliable mortgage financing options for the post-war community following World War II, ...

Finding the Perfect Retirement Hobby

Retirement is the start of a new phase in life, and with it comes a lot more time than you might have had before. Figuring out what to do with that time can be daunting. The following are a few tips to help you find the perfect ...