The Blog Of TL Wall Accounting

Are You Financially Ready For Some Normalcy?

It’s been a rough 15 months or so of having to deal with the pandemic. Our health was paramount as something to deal with, but our finances were a close second. Many people lost jobs; others started working from home. This led to a major change in our economy; a lot of stores closed and aren’t coming back.

Unfortunately there’s little we can do about that. Many people barely had enough money for food, rent, mortgage and other bills. Luckily, many companies worked with us to help us get through the worst of it; so did many states.
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Smart Consumer’s Guide To Money Coaching & Financial Education – Book Review

A book came my way titled The Smart Consumer’s Guide to Money Coaching & Financial Education by Todd R. Tresidder of the website Financial Mentor. He’s a financial adviser/coach with a lot of products geared towards helping people invest their money so they can live a life without financial worry.

The basic premise of the book is that every person would do better in life and business if they had a better knowledge of finances and financial issues. The reality is that most of us don’t learn anything about finances in school, certainly not how to manage our money. It puts us at a disadvantage whenever we enter the real world. Some people never learn good principles, which is tragic. This book hopes to conquer some of that.
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Paying Down Debt Is Essential To Your Financial Health

Years ago we bought something that was a want but not a need. We thought it would bring joy and health to the family, but it never worked properly. Within six months we decided the monthly expense wasn’t worth it and we got rid of it; it was a nice dream but we didn’t receive any benefits from it.

graffiti, Leake Street
duncan c via Compfight

Once it was gone we thought about what we might get next with the money we weren’t spending on the useless item. Instead, we decided to go the smart route and use the money to pay down more of our debt.
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Can You Afford To Buy A Home?

Many people, especially young married couples, start thinking that they need to buy a house, and as soon as possible. Home ownership can be pretty cool… that is, if you can afford it.

A Usual House
Diego da Silva via Compfight

Even if you have a pretty nice salary, individual or both spouses, you might find that owning a home costs way more than you expected it would. If you’re good at budgeting you might figure it out. If not… well, it could be harrowing.

Here are some things you need to know:
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10 Tips For Getting Out Of Debt

Many times, when people are looking for ways to reduce their debt, they go looking for someone else to help them with their problems. The truth of the matter is that every person is capable of figuring their way out of debt if they have a job and are bringing in some kind of money. It may not be easy but it’s better to have some background knowledge to help you move forward.

Below are some tips to employ to help you gradually, or quickly, work your way out of debt.

1. Write down all your debts.

This is always the first step, because, as Dr. Phil might say, you can’t address what you won’t acknowledge. Take one month’s worth of bills and write down what each is, as well as the amount you’re expected to pay. For credit cards, write down the annual percentage rate. Also, write down how much you estimate you spend on things such as food, gas, entertainment, etc. Yes, this is about budgeting.
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