Tom Bible Law - Tullahoma

03/28/2022

Tips on preparing yourself financially for unexpected hardships.
1. Build a strong emergency savings account with 6 to 12 months of income if possible.
2. Organize and file all your health, personal, and household information.
3. Consider buying health insurance, home insurance, and life insurance to protect your family.
4. Build a home inventory by documenting and taking pictures.

https://www.tombiblelaw.com/how-to-prepare-for-financial-disasters/

02/14/2022

"Losing your spouse is a painful, confusing time, but add to that repeated calls from an aggressive debt collector, and a bad situation suddenly can get even worse."

You may be off the hook as some debts — including even certain types of credit card charges — are forgiven at death. However, others linger much longer.

02/09/2022

When should you buy a new computer? New tool? Appliance or household item? These tips will help you determine the best time of year to make a purchase!

When’s the best time to buy… just about anything? Here’s your shopping calendar.

02/08/2022

Use this budget calculator to divide your monthly income into needs, wants, and savings.

This calculator uses the 50/30/20 budget to suggest how much of your monthly income to allocate to needs, wants and savings.

02/07/2022

Should you use a personal loan or business loan to start your business?

Starting a small business or any business can be incredibly challenging. Many people do not have the money they need to start their business right away. This leaves people wondering whether they should fund their start-up with a small business loan or a personal loan. Choosing the right loan is impo...

02/01/2022

"Since this video was released, federal regulators have made it clear that if you receive a forbearance under the CARES Act, your mortgage servicer cannot require you to repay your skipped payments in a lump sum once the forbearance period ends."

If you can’t make your mortgage payments because of the coronavirus, start by understanding your mortgage relief options and reaching out for help.

01/28/2022

Important tips for filing your 2021 taxes this year.

01/25/2022

"Project: Time Off has uncovered an alarming trend over the last 40 years: Americans are taking fewer and fewer vacation days. To reverse this trend, we aim to prove that vacation travel is valuable and necessary for strengthening personal relationships, inspiring creative thinking, improving professional performance, and promoting better health."

01/21/2022

Debt is something that can sneak up on almost anyone who is using credit cards or personal loans. Before you know it, the interest rate has doubled the cost of what you originally paid and now you owe thousands. Paying all this off in a short time when you have other bills can feel impossible! Many people turn to debt settlement companies for help. There are benefits and risks involved when considering debt settlement. Read this article for helpful information when considering debt settlement.

https://www.tombiblelaw.com/should-i-escape-debt-with-a-debt-settlement-company/

01/17/2022

HOW INTENTIONAL SPENDING CAN SAVE YOU

Blind spending happens when you spend your money each month without checking your bank account or adding up what you spent. This can easily lead to surprise when you check your bank account later, to find most of your money gone. One of the best ways to avoid this is to practice intentional spending.

The technique of intentional spending can help you not only gain better control and awareness of your bank account but can also:
• Maximize your income each month
• Minimize how much money you lose each month.

This is a way to balance your income with your monthly expenses. Over time, you might find yourself with more money by the end of the year. Many people find intentional spending habits easy to adopt and helpful in the long run. When it comes to how to use intentional spending, you can start by increasing your awareness.

You want to be aware of how much money you have in your bank account each month. Look at how much you tend to spend each month and subtract this from your monthly income. See if you regret any of your spending and if so, consider cutting those expenses next month.

Some people are discouraged by stricter spending, but intentional spending does not mean “no spending” at all. Make a list of things you want to buy each month or year. Calculate whether you can afford this and how much money you will have by the end of each month or year if you go through with the spending. Then decide what to spend your money on.

01/17/2022

01/14/2022

Set these 10 SMART goals to reach your financial New Years Resolutions for 2022!

The new year is the time to take stock of where we’ve been and where we want to go. Here are some financial goals for your 2022 resolutions.