Having an emergency fund or a savings account comes in handy when you need new tires, to pay doctor bills, or make a repair to your home. Not having any money on hand to pay for things you need or to plan for the future is scary, and can cause a lot of sleepless nights. If you are short on cash or are struggling to pay more than just the minimum payment on all of your bills it is time to take action to get out of debt and secure your financial future. One of the best ways to accomplish this when your bring home pay does not go as far as you need it to go is to file for bankruptcy. Doing so will not only give you immediate relief, but will also help you to plan for a successful financial future.
Three ways bankruptcy can help you put money aside and save for later include:
• Bankruptcy will eliminate or reduce debt. When you do not have as many debts to pay you have more money to save for later.
• One of the requirements for filing bankruptcy is that you take a debtor education course, this course will give you tips on how to manage money that you can use long after your case is over.
• You get a fresh start when you file for bankruptcy, which means you get to change your financial habits and implement new ones. When you have a clean slate you are more likely to fill it with things that will help you down the road.
If you are able to keep more of your paycheck because you have less debts, due to filing bankruptcy, you might even be able to start a slush fund for emergencies or put more into your retirement account. Saving for the future is essential, because no one knows what lies ahead. Financial security is one of the biggest gifts you can give yourself, and bankruptcy can help get you there. To get answers to your questions about bankruptcy and how it can help you save for the future, call our office.
For more information about bankruptcy, contact us today at www.DsouzaLegalGroup.com. We will go over the facts of your case and let you you’re your next step.