As I watch my neighbors pull away in their new 33 ft. Chateau Motorhome, I can’t help but wonder how in the world they ever afforded it. I’ve only ever seen them drive old cars. And, while they’re always dressed quite nicely, he’s not wearing Calvin Klein, and she’s not carrying Gucci.
As I stop to think about it, I realize, that may be our problem. Our need to have shiny, new toys may be why we never seem to get ahead—why we have so much debt. I’ve always known my neighbors to be thrifty, now I know why.
Debt Relief and Management
Do you have too much debt? And, how much is too much? MSN Money offers a free debt calculator to help answer these types of questions. As shocking as the results might be, they can help you gauge your life and get a hold of that debt you're dealing with.
While it’s impossible to go back and make different spending decision, there are ways to bounce back. Take a look at these three common debt regrets. Lincoln Law will show you how to fix them now and plan for a better financial future.
- You Don’t Keep Your Spending in Check. Your wife decides it’s time to redecorate. Her friends have beautiful homes, and she feels hers is not up to par. She goes out to buy a new side chair, but buys an entirely new living room set instead. Her justification, “it was on sale.” These frivolous spending habits will drain your wallet faster than a furnature salesman.
- You Don’t Invest in Your Future. Sure you give the minimum 4% to the 401K, but is that really going to get it in the long run? Not in today’s volatile market. If you’re living paycheck to paycheck because of outstanding debt, consider calling or emailing Lincoln Law for a free attorney consultation.
- You Don’t Have an Emergency Savings Plan. Even if you have a good job and earn an “ok” living, you could find yourself woefully unprepared for an emergency. Most families are just making ends meet, and the slightest emergency could tip them. An unexpected pink slip, an expensive auto repair, an accident or illness could throw a family into complete financial ruin. There is hope though.
If you're in too deep and your financial future looks bleak, don't panic. Lincoln Law has been able to help thousands of clients looking for debt relief get back on the road to recovery. The article Calling for Relief can better help you understand this.
Call or email us today to schedule your free consultation with one of our experienced attorneys to talk about your bankruptcy and non-bankruptcy related options that can provide you with a better financial future.
Image credit to TaxRebate.org.uk
