According to a recent survey by TD Bank, almost half of the South Floridians who were asked are looking top save more and spend less in 2015. However, with looming credit card debt, high minimum payments and interest rates, it may prove to be more difficult that expected. Those individuals that are living from paycheck to paycheck cannot entertain the idea of saving more because it just is not a possibility at this time.
Some ways you can spend less include making more home cooked meals instead of eating out, negotiating and lowering your luxury utility bills (such as cable and internet) and following some electricity saving tips. A great way to see where your money is going each month is to create a budget and write down all of your expenses. In the TD Bank survey, some individuals stated that they would not create a budget. We all know that this may be time consuming but it will prove to be helpful if done correctly. You may notice that most of your payments are going towards credit card bills and you are struggling to make those payments each month. You may notice that your net income after your expenses are paid is actually negative due to these increasing payments. If this is the case, filing for bankruptcy may be a good option for you. It is important to have an experienced attorney review your financial situation and see what options are available to you, including filing for bankruptcy.
If you are currently overwhelmed with your credit card debt, falling behind on payments or unable to make ends meet, now is the time to review your options. Our office is here to help you reach financial peace of mind. Please call us for your free consultation with debt relief attorney Alberto H. Hernandez at 305-820-0334 today!
Source: Sun Sentinel: Almost half of South Floridians want to save more, spend less