Sturgis Bank Knowledge Center

Thinking of starting your own business? It’s an exciting venture, but it comes with one major question—how much will it cost? Accurately estimating your startup costs can make or break your entrepreneurial dream.

At its simplest, inflation is the rise in prices over time that leads to a decrease in purchasing power of money. What it means in practice is that while a $10 bill could buy you a week’s worth of fast-food burgers in 1960, today it can barely buy you lunch.

Owning a home is a major life milestone, but did you know your home holds hidden value beyond just a roof over your head? That value is called "home equity," and understanding it can be the key to unlocking goals and financial opportunities. 

Buying your first home is an exciting milestone, but it can also feel overwhelming. At Sturgis Bank, we’re here to guide you through the process, helping you turn your monthly housing payment into an investment in your future. Whether you're weighing the pros and cons of homeownership, wondering about upfront costs, or navigating mortgage options, we’ve got you covered. 

The average American earning $50,000 spends more than $5,000 annually on health care. Roughly 15% of that cost, around $800, is for out-of-pocket fees such as deductibles, copays, and any expense not covered by the insurance plan.