Bankruptcy is devastating to any family. You can overcome it though and come out stronger because of your journey. Remember to check your state's laws and make sure you get a good bankruptcy attorney. If you filed for bankruptcy California's law will be much different from Tennessee's law. Your attorney will be able to tell you what all needs to be done for your respective state.
Let's look at some things you can do to avoid bankruptcy and increase your financial fitness.
1. The first thing is to pay cash for everything. If you don't have it you can't afford it and you do not need to be purchasing it. The simple act of getting out your wallet and paying with bills will increase your overall financial fitness. Your arm muscles are being worked so very hard doing this action.
2. Cut up your credit cards. Get yourself a debt repayment plan going and try to pay them off. Credit cards aren't the devil. However, they encourage you to continue spending when you should have stopped. For example, please don't put a $45 meal on a credit card and then have to make the minimum payment on it. That meal could cost you over $66 if you are making small payments. You don't want to be paying on a meal you ate a year ago. Cutting up your credit card can increase your finger fitness! You will be pumped before you know it!
3. Save, save, save and make sure that you pay yourself first. If you aren't putting yourself first then who is? Saving for a rainy day gives you such a sense of peace. Your peace is worth more than any trinket or gadget. Financial peace is easily achieved by putting a little bit aside every time you get paid. Moving money is like pumping iron and soon you will have a nicely inflated bank account.
4. Get your bills in order. Disorder in your bills will assure you that you have chaos in your life and your wallet. Grab a spiral notebook, pen and a calendar and note every due date and amount. Staying on top of your bills will also give you that financial peace you are seeking.
5. Find ways to cut back. If you have can't pay yourself first then maybe cable should be cut. Or those dinners out will have to go. It's all about priorities. You want your money to be your priority so that you can stay financially fit and financially smart in this day.
Financial fitness is not as hard to achieve as you think. You can pay your debts off and achieve financial freedom quickly. Just stay focused and positive and know bankruptcy is not the end of the world. It feels like it. But one day you will look back on this time and think, "Wow, I really learned a valuable lesson because of that bankruptcy."
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