If you have filed for
bankruptcy you are probably wondering what your future financial picture will
be painted. When you are in the middle of a financial crisis, it is hard to
believe the future can be different or better. But the good thing about
bankruptcy is that when your case is finished you get to start over, with a
clean financial slate. Most people are able to rebuild their credit in a short
amount of time after having filed for bankruptcy, but others fall victim to the
same spending habits that caused them to file bankruptcy in the first place. If
you want to avoid having financial problems after your bankruptcy case is
finished, you need to know a few things about what to do after your case.
How to be successful
after your bankruptcy depends on what you do, and here are some tips that will
help you:
•
Don’t take out new loans or credit cards
unless you have the money to make the payments.
•
Come up with a budget and be sure you
follow it closely. If you are tempted to make impulse purchases, take some time
to think about what you are considering buying before stepping up to the
checkout register. Most times the impulse to buy subsides after time, and you
are better able to decide if you can afford and truly need the item you are
considering.
•
Establish a savings or emergency fund.
This will come in handy if you have an emergency and will save you from having
to put big expenses on credit cards.
•
Forgive yourself for past financial
problems. It is easy to try and blame yourself for overspending or making
unwise money choices, but now is the time to let go of that guilt and start
anew.
Filing for bankruptcy
will get you out of debt, but it is up to you to stay debt free after your case
is over. We can give you pointers on what to do during and after your case, so
you are able to reach your financial goals. If you need help with your budget
and need to keep your creditors at bay, call us for help.
For more information
about how to handle overwhelming debt, contact us today at www.law-ri.com. We will help you come up with solutions that
work for your family, and have multiple locations where we schedule
appointments so you can make a choice that is convenient for you.