The advent of credit in the United States has provided citizens with a huge convenience. It has allowed individuals to purchase things based on their trustworthiness, rather than simply their bank account balance.
The ease of obtaining credit is not without its downsides, however. Many people wake up to find themselves deep in debt, struggling to survive. If you are currently feeling stressful levels of debt, then here are a few tips that could help alleviate the problem:
1 – Always eat at home
This tip is on just about every debt-reduction list that has ever existed and is page one from the “get out of debt” handbook, but that’s because it is so important. Eating out is orders of magnitude more expensive than eating at home. Sure, a quick fast-food meal may only be $6, but an equivalent home cooked meal would most likely be $1 or $2. While that extra $4 may not seem like much, the fact of the matter is that it is 3 times as expensive, and it adds up quick. If you are starting to get stir-crazy eating at home, then you can always form a dinner group with friends, so that different people host a social dinner party. That way, you can still “go out” to eat with friends, and you will save money by eating at home as well.
2 – Plan out a budget
There is a huge convenience that credit cards bring to the table, but unfortunately, they also make it a lot harder to keep track of purchases. It’s always a good idea to sit down and plan out exactly how much income the household makes, as well as all of its expenses. You may find areas where spending can be cut, or other areas where money is being wasted. It may be unpleasant, but you have to know the weak areas before you can strengthen them.
This is just a couple of tips, but hopefully they will help get you started on the path of debt-stress-free living.
Bond & Botes Helps People Struggling with Debt
We are local and offer a free confidential face to face consultation. We also offer free consultations from the comfort and safety of your own home or office by phone and/or video with an experienced attorney. Let us solve your financial problems. There is no obligation, and that means no downside to gathering the information you need to make good decisions about how to break the cycle of debt stress and move forward. We can answer all your questions regarding Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, stopping a foreclosure or wage garnishment, avoiding liens, stopping lawsuits, discharging medical debt, personal loans, payday loans, credit card debt, etc. We can alleviate your stress! We want to help and we can help you!
Bond, Botes, Sykstus, Tanner & McNutt, P.C.
102 South Court St, Suite 314, Florence, AL 35630
Phone: 256-760-1010 • Fax: 256-760-1023
Office Hours: Monday – Friday • 8am to 5pm
No representation is made that the quality of legal services to be performed is greater than the quality of legal services to be performed by other lawyers.