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CORPORATE OFFICE

Level One Bank

32991 Hamilton Ct.
Farmington Hills, MI 48334
Phone: 248-737-0300

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MORTGAGE LOAN CENTER

Level One Bank

1328 S Main Street
Ann Arbor, MI 48104
Phone: 734-213-1515

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BANKING CENTERS

ANN ARBOR

Level One Bank

195 N. Maple Road
Ann Arbor, MI 48103
Phone: 734-794-5225

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ANN ARBOR

Level One Bank

125 W William St.
Ann Arbor, MI 48104
Phone: 734-761-1475

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ANN ARBOR

Level One Bank

3930 South State St
Ann Arbor, MI 48108
Phone: 734-418-9995

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BIRMINGHAM

Level One Bank

1712 West Maple Road
Birmingham, MI 48009
Phone: 248-723-4800

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BLOOMFIELD

Level One Bank

6450 Telegraph Road
Bloomfield Hills, MI 48301
Phone: 248-406-8905

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BLOOMFIELD

Level One Bank

37100 Woodward Avenue
Bloomfield Hills, MI 48304
Phone: 248-530-7401

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DETROIT

Level One Bank

1420 Washington Boulevard
Detroit, MI 48226
Phone: 313-309-9980

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FARMINGTON HILLS

Level One Bank

30095 Northwestern Highway
Farmington Hills, MI 48334
Phone: 248-865-1300

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FARMINGTON HILLS

Level One Bank

30201 Orchard Lake Road
Farmington Hills, MI 48334
Phone: 248-737-1110

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FERNDALE

Level One Bank

22635 Woodward Avenue
Ferndale, MI 48220
Phone: 248-414-6500

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Grand Rapids

Level One Bank

2355 Burton St. SE
Grand Rapids, MI 49506
Phone: 616-827-4400

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JACKSON

Level One Bank

611 N Wisner
Jackson, MI 49202
Phone: 517-917-0908

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NORTHVILLE

Level One Bank

20550 Haggerty Road
Northville, MI 48167
Phone: 248-380-6590

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NOVI

Level One Bank

44350 W. 12 Mile Road
Novi, MI 48377
Phone: 248-735-1000

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Rochester Hills

Level One Bank

1880 S. Rochester Road
Rochester Hills, MI 48307
Phone: 248-710-3700

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STERLING HEIGHTS

Level One Bank

43683 Schoenherr Road
Sterling Heights, MI 48313
Phone: 586-412-1800

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Read Our Blog Articles

How to Stay on Track with Your Goals After COVID-19

Posted on: October 08, 2020

Thoughts from the Team at Level One Bank in Michigan

man-thinkingThe world was unprepared for the economic impact of COVID-19. Everything changed. Companies shuttered their doors, staff joined the unemployment roster, and families deferred plans for significant milestones like graduations, new homes, retirement, and even weddings.

When the world reopens, life will be different. Budgets and spending patterns will shift. Some business sectors may take a long time to recover, while others will rebound quickly and grow. Adjusting to life after COVID-19 may require you to revise the timing of your life goals. But take comfort in knowing banks in Michigan are still here to help you achieve your dreams.

Planning for the Big Moments in Life

Finding fulfilling employment, getting married, having children, and buying a house will remain part of life plans for most people. Michigan banks can help you with realistic financial planning, goal setting, and savings tools to gather the funds you need.

  • First, assess your current situation. Review your income and expenses, then set a budget to keep your spending in line. Be sure to have a line item with funds for your savings account as well as money for an unexpected car repair or a medical expense, for example.
  • Now, start outlining your financial goals, both short and long-term.
    • Short-term goals might include paying down credit card debt, saving for a new washing machine, planning a fall weekend getaway, or non-urgent home upgrades like flooring or windows.
    • Longer-term plans focus on bigger dreams such as your wedding, college for your children, and your retirement.
  • With your plans in place, it’s time to create a saving strategy. Talk with the team at your bank in Michigan. They’ll help you find the right combination of tools and programs to reach your goals, including how much you’ll need to save.
  • Take time to research your savings options, such as Money Market accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs). Each has unique characteristics and advantages for growing your money. Often, a diverse set of savings tools will help you achieve both your short and long-term financial plans.
  • As many of us have recently learned, we need to be ready to adjust as circumstances change. Most banks in Michigan, including Grand Rapids, Detroit and Ann Arbor will recommend an annual review of your savings strategy to ensure you’re keeping pace with market conditions, new tools, and any new personal goals.

familyBy developing an effective plan and implementing it with a bank committed to your success, you’ll feel more in control of your future and have greater financial security.

Partnering with Level One Bank

We’re your community bank, which means we stand with you during times of crisis like COVID-19 and celebrate your resilience as we move forward together. Let’s talk about your dreams and find the right path to help you achieve them. Our teams in Detroit, Ann Arbor, Grand Rapids, and across Southeastern Michigan understand what you’ve experienced and are ready to support your recovery and growth. Contact us to set up a convenient time to meet virtually, by phone or in-person.

“Do not save what is left after spending but spend what is left after saving.” – Warren Buffet

Posted in: Your Money, Your Life

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