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TCM Financial Services Rule Your Money, Don't Let Your Money Rule You

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TCM Financial Services expert tips provider.Dealing with our personal finances can be a sore subject. We avoid them like the plague when we know we won't like what we see. – PowerPoint PPT presentation

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Title: TCM Financial Services Rule Your Money, Don't Let Your Money Rule You


1
TCM Financial Services Rule Your Money, Don't
Let Your Money Rule You
  • TCM Financial Services expert tips
    provider.Dealing with our personal finances can
    be a sore subject. We avoid them like the plague
    when we know we won't like what we see. If we
    like where we are headed, we tend to forget all
    the work that got us there. Dealing with your
    finances should always be an ongoing project.
    We'll cover some of the highlights that can help
    you make sense of your money.
  •  
  • If you are materially successful in life,
    eventually you will get to the point where you
    have more assets that you did in the past. Unless
    you are continually looking at your insurance
    policies and adjusting liability, you may find
    yourself underinsured and at risk of losing more
    than you should if a liability claim is made. To
    protect against this, consider purchasing an
    umbrella policy, which, as the name implies,
    provides gradually expanding coverage over time
    so that you do not run the risk of being
    under-covered in the event of a liability claim.
  •  
  • If you have lost a prior home to foreclosure,
    this does not mean that you are out of home
    owning altogether. You should be able to get a
    government-backed mortgage through Fannie Mae,
    Freddie Mac and the FHA, in as little as three
    years after your previous home has foreclosed.
  •  
  • If you are searching for a mortgage or auto loan,
    do your shopping relatively quickly. Unlike with
    other types of credit (e.g. credit cards), a
    number of inquiries within a short period of time
    for the purpose of securing a mortgage or auto
    loan won't hurt your score very much.
  •  

2
TCM Financial Services Professional tips
provider. When it comes to filing income taxes,
consider itemizing your deductions. To itemize it
is more paperwork, upkeep and organization to
keep, and fill out the paperwork needed for
itemizing. Doing the paperwork needed for
itemizing is all worth it if your standard
deduction is lower than your itemized
deduction.  Set up internet banking and online
bill pay. Having your accounts and your bills
online is a quick and easy way to see what you
have paid and what you still need to pay, all in
one quick and easy step. It takes very little
time to pay and manage your bills when they are
all in one safe place. You won't lose track of
things as easily. Always pay your credit card
bill in full! Many consumers do not realize that
paying only the monthly charges allows the credit
card company to add interest to your payments.
You may end up paying much more than you were
originally quoted. To avoid these interest
charges, pay as much as you can up front,
preferably, the whole amount due.   TCM Financial
Services Greatest service provider. Save money
on your cell phone plan by choosing the right
options. A contract-free plan requires you to buy
your phone up front, but you'll save on monthly
costs. If you want your phone at a discount,
you'll likely be locked into a plan for a couple
of years. A contract option can also make more
sense if you want to add other people on a family
plan.   Find out what your credit score is. It
will cost you money to get your credit score from
the big three agencies but the knowledge is
invaluable
3
Knowing your credit score will save you money in
buying a car, refinancing your home, even buying
life insurance. Make sure to get a new one on a
yearly basis to stay up to date. When you are
leaving a rental property and your landlord says
they have to withhold part of your deposit, you
should make sure to find out exactly why that is.
Many landlords will try to say things are more
expensive than what they are so they can keep a
part of your money. When paying down your debt
avoid unnecessary expenses such as credit
monitoring services. You are able to attain a
free credit report from each of the three credit
reporting agencies each year. Apply the extra
cash to your debt instead of paying a third party
company to monitor your credit report. Are you
planning on eventually retiring to your vacation
home? Make sure that you have a budget set up for
the home with all the inherent costs such as
electricity, heating and cooling. You may also
want to investigate the quality and availability
of hospitals and doctors in the area. By doing
this, you will find out if it is feasible to
retire to your vacation property or sell it for
profit. TCM Financial Services Top service
provider. Lots of families have lost their
primary source of income due to lay-offs or
medical issues. In these cases you might be late
with your rent payment or might not even be able
to pay it. Find out from the landlord how much
time you have to bring your account current, or
if he allows you to live in the apartment for the
period covered by the security deposit. Rebuild
your Credit Rating with secure credit cards.
These types of cards allow you to charge up to a
certain limit and that limit is determined by you
and the amount of money you put into the card's
spending account. This does not actually extend
you credit, but using the card shows up as a
credit account on your credit report and can
improve your score. Save a little money every
day. Getting a burger at fast food place with
your coworkers is a pretty cheap lunch, right? A
hamburger is only 3.29. Well, that's over 850 a
year, not counting drinks and fries. Brown bag
your lunch and get something much more delicious
and healthy for less than a dollar.
4
Always have an idea of what your credit report
shows. You can also check your report for free.
Check yours twice a year for unauthorized changes
or errors and to make certain that no one has
stolen your identity. TCM Financial Services Most
excellent service provider.ur finances need to be
dealt with on a regular basis in order for them
to stay on the track that you set for them.
Keeping a close eye on how you are using your
money will help things stay smooth and easy.
Incorporate some of these tricks into your next
financial review.
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