Whether it’s paying credit card bills, checking bank account balances, or doing some shopping, much of today’s financial activity takes place online. While the internet has undoubtedly made it much easier to manage money, there are risks to using the World Wide Web. Each year, hundreds of millions of people fall prey to cyber crimes […]
According to the American Bankers Association, about 73% of families in the United States have at least one credit card. For many people, using credit cards is a matter of convenience, as they allow you to complete your everyday shopping without carrying lots of cash or stopping by the ATM. Credit cards can also be […]
The American Bankers Association has released a treasure trove of tips and guides for anyone looking to buy a home. If you are considering becoming a first-time homeowner, or you would like to purchase a second home or investment property, be sure to ask yourself these five crucial questions from the ABA.
Knowing how to manage one’s personal finances is an invaluable skill, but unfortunately, it’s not one that that is taught in most schools. Instead, it’s up to parents to educate their children about money, both by setting a good example and through hands-on activities. According to a study conducted by the University of Cambridge, kids […]
Getting into college is a very exciting time for high schoolers and their families. Paying for college, however, isn’t quite as thrilling. As the cost of college tuition continues to rise, most families must employ a multi-pronged approach to tackle this major life expense.1 To help you make informed financial decisions, Tennessee State Bank is sharing […]
Saving for retirement is one of the most important decisions you can make for your future. In the past, many companies provided pensions for their employees, but this practice has all but evaporated. Social security benefits can be helpful in retirement, but they may not be enough to cover all of your expenses.1 In 2017, the […]
Although it may only be three little digits, your credit score can have a big impact on your financial life.1 Ranging from 300 – 850, this score represents the likelihood that you will repay a loan on time. A score of 750 or higher indicates excellent credit, while a score below 600 is considered bad credit.2 Your […]
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.
The IRS’s tax filing season officially kicked off on January 29, 2018. Taxpayers have until April 17, 2018 to submit their returns. As you prepare your return in the coming months, it is important to be cognizant of the threat of identity theft. As explained by the IRS, “tax-related identity theft occurs when someone uses […]
This winter, Tennessee State Bank invites our customers and community members to participate in America Saves Week! Running from February 26 – March 3, 2018, this annual event is dedicated to promoting good savings behavior. Thousands of organizations across the country observe America Saves Week by providing free financial information and advice. Started in 2007, […]