Shred Day - October 6th

Shred Day

October 6th (Saturday) | 9 AM – 12 PM (or until the truck reaches capacity)

Jones Branch | 9601 Jones Rd | Houston, TX 77065

Limit 2 Medium Size Boxes.

This year we are only able to book 1 truck for shred day, which limits the capacity for which we can accept. To benefit as many as possible, we are limiting each car to 2 medium size boxes. Shredding will take place until either we reach our time limit at 12pm or the truck reaches maximum capacity – whichever occurs first.

Ways to Handle Bet Bills

6 Ways to Handle Unexpected Vet Bills

Like you, your pets at some point need health check-ups and may even get sick or injured, requiring medical attention. To make sure those expenses don’t become a financial burden here are six ways to help you prepare for and deal with them.

  1. Create a savings account specifically for pet expenses.
    If you have many pets or one with a known medical condition, put aside a set amount each pay period in a separate account just for those expenses.
     
  2. Pet insurance.
    There are quite a few pet insurance companies to choose from, like Figo Pet Insurance, Healthy Paws, and Trupanion. Many won’t cover pre-existing conditions, so choose an insurance company before your pet develops a chronic condition.
     
  3. Negotiate an installment plan.
    If you’ve been a customer in good standing, your vet may be willing to accept payment in monthly installments.
     
  4. Find animal welfare organizations or charities in your community.
    Some animal shelters offer veterinary loans and grant programs, and many veterinary schools run low-cost clinics.
     
  5. Care Credit.
    Many vets accept this credit card which is specifically made for health care expenses, including your pet’s. It offers different financing options, some even foregoing interest charges for 24 months, as long as you make minimum monthly payments and pay the amount in full by the end of the promotional period. If you do not, interest is charged from the original purchase date.
     
  6. Apply for a personal loan.
    If your pet’s treatment is going to be a major expense, then consider asking the credit union for a personal loan. The loans usually have a fixed rate and must be repaid in monthly installments within a set amount of time.

Business Loans

Business Loans Help Realize Your Dreams

If you are looking to start your own business, or already have a small business, you will likely need a small business loan. When seeking to obtain a loan, the lending institution will typically want to look at your business plan. This plan should explain how you will manage, operate, and finance your company.

As part of that plan, here are 10 questions you should be prepared to answer:

  1. How much money do you need and what is the owner's capital commitment?
    A rule of thumb is that 20% to 30% investment in the company needs to come from the owner, from either personal cash and savings or equity in the business.

  2. What will you use the money for?
    Give a clear description of how you'll use the money and how you intend to pay it back.

  3. How will the loan affect your financial position?

  4. What will you pledge as collateral?
    You'll have to pledge some tangible asset--such as stocks, certificates of deposit, or property--to obtain a loan. If the loan is for the purchase of equipment or real estate, that can become collateral.

  5. How will you repay the loan?

  6. When will you repay the loan?

  7. If you don't realize projections, can you still repay the loan? For example, do you have a spouse with outside employment?

  8. How much can your business afford to lose and still remain viable?

  9. How will the business manage risk?

  10. For an existing business, how has it performed to date? Is the financial position of the business improving or declining?

In addition, you should be prepared to provide the following information:

  • Purpose of the loan

  • History of the business

  • Projected opening day balance sheets

  • Lease details

  • Amount of investment in the business by the owner(s)

  • Projection of income, expenses, and cash flow

  • Signed personal financial statements

  • Personal résumé

  • Names and contact information for at least three credit references

  • List of business and personal assets that could be used as collateral

For existing businesses, also bring financial statements for the past three years, schedule of term debts, and aging of accounts receivable and payable.

Finally, here are two good resources to lean on:

Allowances help Children Save

Allowances Help Children Save

Having allowances can help children understand the concept of budgeting and saving, but you have to teach them.

If you decide to give an allowance, start one as soon as your children start recognizing money's worth--kids do this fairly early. Janet Bodnar, editor of Kiplinger's Personal Finance magazine in Washington, D.C., stresses two points in her book Dollars & Sense for Kids:

* Don't give an allowance until children are old enough to manage it, or until your children are at least six years old. There's no need to rush things and preschoolers generally don't understand the abstract idea of money anyway. Once children start first grade they begin learning about money in school, so they know if they get a $1 bill each week, it's equivalent in value to ten dimes or four quarters.

* Keep the system simple so you can manage it. "Denying kids an allowance doesn't make it easier to limit the amount of money they get their hands on," says Bodnar. Because most children will get the money out of parents anyway, it's better to teach them how to manage it themselves than allow them to nickel and dime you to death. Plus, using an allowance gives parents and children more control over the children's finances.