budget Tag

Since the onset of the COVID-19 pandemic, many people have been hit with financial problems. Over 3 million Americans have filed for unemployment with more joining in every day. Even with the stimulus checks given by the government, most people are finding it difficult during this time. Budgeting is a major way to get by and not fall into more debt. Prioritize expenses. (more…)

Chapter 13 bankruptcy is a form of bankruptcy that requires the debtor to enter into a plan of debt repayment. It is similar to debt consolidation, but has the backing of Court approval, so your lenders do not have a choice about whether to participate in your proposal. When a Chapter 13 case is filed, a repayment plan is proposed and eventually approved by the Court. The debtor then makes a...

Becoming debt free is usually the first resolution made at the start of a new year, right after resolving to lose weight and exercise more. But even with a month or so of the New Year gone, the time is still right to make a plan to become debt free. Getting out of debt creates a positive cash flow and also gives families an emotional lift from the pressure burdensome debt places on their...

Most people are afraid to file bankruptcy because they do not understand the process. There are a lot of myths out there about what you can and cannot do during bankruptcy, and unless these myths are debunked it can be difficult to make a decision. One of the most common misconceptions about filing for bankruptcy has to do with your property. Many people are led to believe they can keep their...

Setting goals is a normal thing to do when the New Year starts. Most people decide to eat healthier and go to the gym more frequently, and some people resolve to spend less money and put more into savings. Other goals include refocusing on work tasks so promotions are not out of reach, or spending more time with family. Whatever the goal, professionals agree the best way to have success with...

A 401(k) is a benefit offered by many employers, whereby a certain amount of money is put aside each paycheck into a retirement account for the employee. Most plans are set up where the employee puts a part of their pay into the account each pay day, and the employer either matches what is put in or has a set amount deposited into the account. The funds are generally invested, so they grow...

Student loan debt is one of the largest growing debts in America. Most students come out of college and/or graduate school with insurmountable amounts of debt. Unfortunately it is necessary for most students to rely on student loans to pay tuition and cover other expenses related to their education, but upon graduation it is difficult to find a job that pays enough to repay educational loans....

Making the decision to file for bankruptcy is a difficult one, and it is made all the more hard when you realize you have to determine what type of case you are eligible to file. The two types of bankruptcy available to individual and joint consumer debtors are Chapter 7 and Chapter 13. In a Chapter 7 case you are able to discharge all of your unsecured debt. Unsecured debt is debt that is...

Hollywood is full of surprises, sometimes films that seem like a total dud turn out to be a summer blockbuster and sometimes the public doesn’t agree with the Academy’s choice for an Oscar award. These surprises aside, there should not really be much about Tinseltown that causes too much shock and awe, because celebrities are always reinventing themselves, changing spouses, and making bold...

Having too much in credit card debt is the reason most people file bankruptcy, but the need for credit in an emergency still remains. So even if you need to file bankruptcy to get out of debt, you may still need access to credit from time to time in order to cover unexpected expenses like home repairs or medical bills. This paradox is puzzling to those that want to file bankruptcy to help...