The Second Step Toward Rebuilding Credit: Live Within a Budget
There is a common misperception that people who file bankruptcy have misused their credit or spent carelessly. In our experience, a person's spending habits have little, if anything, to do with why they filed bankruptcy.
The attorneys at the P.R. Smith Law Group will provide you with budget counseling upon completion of your case.
Budgeting takes determination and discipline. Controlling spending and saving money are essential after bankruptcy. There are many subtle changes you can make to your spending habits to save even just a few dollars a week. Many people can reduce their monthly expenses by simply avoiding impulse buying, paying cash for things and preparing more meals at home. There are also many ways to reduce fixed monthly expenses like insurance and transportation costs.
Spending Wisely and Making Regular Payments
Eight out of 10 bankruptcies today are triggered by unexpected medical bills, illness, unemployment and/or divorce. Most of the people we meet who require our services do not have a problem with spending. They just have experienced a rough patch in their life which sent them into a downward financial spiral.
Notwithstanding the above, bankruptcy provides you with an opportunity to wipe the slate clean and start again financially. In this regard, it is a good opportunity to reassess your financial priorities and outline a budget to maintain a healthy financial lifestyle. You may have to sit with your family and discuss your financial goals. We recognize that this may not be easy considering the social, cultural and emotional pressures upon America's middle class, but now is the time to reprioritize your finances.
Contact Our Bankruptcy Lawyers
Speak with a Tampa bankruptcy lawyer for free to learn more about Chapter 7 or Chapter 13 bankruptcy in Florida. Our fees are extremely reasonable and easy payment plans are available Call us at 888-682-5251 or send us an e-mail to get started today.
