7 Steps to Spring Clean Your Finances

A young couple looking over their finances.

The season for spring cleaning has arrived and while many may be focused on organizing closets or scrubbing floors, Tennessee State Bank encourages consumers to clean up their finances, as well.

Spring is a great time to take a hard look at your finances and identify ways to manage them more efficiently. By getting your financial house in order, you can set the stage for a stronger, more successful future. Tennessee State Bank offers the following tips to help our customers cut back on financial clutter this spring:

1. Evaluate and pay down debt.

Take a look at how much you owe and what you are paying in interest. If there are better rates available now, consider requesting a lower credit card interest rate or refinancing your mortgage. Begin paying off existing debt, whether that’s by chipping away at loans with the highest interest rates or eliminating smaller debt first. Follow the link to learn about Tennessee State Bank’s competitive low rates and balance transfer on credit cards.

2. Review your budget.A woman budgeting with her calculator.

A lot can change in a year. If you’ve been promoted, had a child, or become a single income household, be sure to update your budget. Determine what expenses demand the most money and identify areas where you can realistically cut back. Develop a strategy for spending and saving and stick to it.

3. Check your credit report.

Every year, you are guaranteed one free credit report from each of the three bureaus. Take advantage of these free reports and check them for any possible errors. Mistakes can drag down your score and prevent you from getting a loan, or cause you to pay a higher than necessary interest rate. With Tennessee State Bank’s Benefits Plus® program and Ultimate IDTM, your credit is monitored and you are notified of any changes.

4. Sign up for paperless billing.

Converting to paperless billing will help keep your house, physical and financial, more clean and organized. For directions on going paperless with Tennessee State Bank, visit our eStatements page.

Pressing a button on a keyboard that says Pay Bills.5. Set up automatic bill pay.

By signing up for automatic bill pay, you’ll never have to worry about a missed payment impacting your credit score. You can set it so that money is withdrawn from your checking account. Learn more about enabling automatic payments on our Online Banking page.

6. Consolidate your accounts.

Managing several accounts can be challenging. If you have open accounts that you rarely use, consider closing them. It’s important to note that canceling accounts may come with a fee or impact your credit score. Other options include streamlining all your accounts under a single bank or using a bill management service that allows you to view all of your financial accounts, bills, subscriptions and travel rewards in one place with a single password.

7. Download our mobile app.A man holding a credit card and a smartphone.

The Tennessee State Bank App allows consumers to manage their finances from the palm of their hand. With the click of a button, you can make a deposit or access a record of all your recent transactions. For more information, visit our Mobile Banking page.

About Tennessee State Bank

Tennessee State Bank has been serving our local community for over 45 years. With branches in Sevier County, Knox County, Cocke County, and Jefferson County, we offer convenient banking services in East Tennessee. Whether you’re looking to open a checking account, obtain an auto loan, or apply for a home mortgage, we make the process as simple and straightforward as possible. Tennessee State Bank’s motto is “Banking at its Best!”SM, and we strive to live up to that creed every day. Let us know how we can help you by sending us a message via our Contact Form.


Tennessee State Bank is Member FDIC and an Equal Housing Lender.