Obviously, if you are filing for bankruptcy, your spending habits need to be reevaluated. With that in mind, there are certain categories you need to cut off completely or reduce tremendously. For one, the small daily $3 lattes add up. Unnecessary spending provides no real benefit or enjoyment and over the years adds up enormously. Furthermore, cut back on the extravagance. It is not necessary to spend $100 for dinner or $50 for drinks a night. If a night on the town costs you a day of work, you may think twice about the return on your investment.
Simplify your life. People tend to shop impulsively and buy things they don’t need and rarely every use. Cutting back on the price of gifts is also important because people tend to spend more lavishly on gifts for others than they would ever buy for themselves. Also, if you have a killer car payment, it may be wise to sell it and purchase one for less and one that is more reliable. All these adjustments do not necessarily mean that your huge debt could be relieved, but it will certainly help and prevent further debt.
If you are having financial hardship and are considering filling for bankruptcy, please call bankruptcy attorney in Rancho Cordova at our office at (916) 971-8880 for a FREE confidential bankruptcy consultation.
Click here to fill out our FREE Confidential Bankruptcy Case Consultation form.
“We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
Law Office of Robert W. Fong
Robert W. Fong
6825 Fair Oaks, Blvd., Suite 101
Carmichael, CA 95608
TEL: (916) 971-8880
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