November 2019 Archives

Determining whether a prenuptial agreement is necessary

Some people in Tennessee may think of a prenuptial agreement as something that only wealthy people need. A prenup describes how property will be divided if a couple gets a divorce. A spouse might also waive the right to claim alimony using a prenup. For some people, a prenup might seem like preparation to divorce before the marriage has started.

Survey finds people willing to go into debt for holidays

The holiday season may tempt some Tennessee consumers to use their credit cards for gifts and other spending. According to a survey by CreditCards.com, around half of Generation X and millennials and around one-third of baby boomers said they would be willing to take on credit card debt for the holidays. People who were already in debt were more willing to take on more for the holidays than those who had none. Half of the respondents who had debt said the holidays were a good reason to take on more compared to one-quarter of those with none.

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