Money Saving Tips – Are you struggling financially?
The purpose of this series of money saving tips is to help you save money, and spend money wisely.
But, if you’re already struggling financially, maybe you need help dealing with creditors or want to be able to sleep well again first.
Before we help you save money, here are some of the debt warning signs that you need to be aware of.
1. Using your credit card for everyday things?
If you’re using your credit card to pay for everyday things like food, or gas because you don’t have to have the cash immediately, that could indicate that you’re struggling financially.
2. Paying rent or mortgage on your credit card?
If you’re paying your rent or mortgage on your credit card each month, then it might be because you don’t have the money for it.
3. Borrowing money from friends or family?
If you’re borrowing money from friends or family for little things like food, or larger expenses like an unexpected bill, or your rent or mortgage, then it’s probably because you don’t have the money yourself.
4. Deciding between things like food or gas to get to work?
If you’re forced to decide between two or more essentials, such as putting food on the table or gas in the car, or paying your utility bills or making a credit card payment, then you may be struggling financially.
5. Ignoring your bank statements?
If you’re too scared to look at your online banking or paper bank statements then maybe you don’t know how much money is left, and you’re spending what you haven’t got or can’t afford.
6. Sleeping badly due to money worries?
If you’re not sleeping well because you’re anxious about money, whether it is literally where the next meal is coming from, or how you’re going to pay for those essential car or home repairs, then you might be struggling financially.
7. Avoiding letters, phone calls or knocks at the door?
If you’re avoiding opening letters, answering the phone or the door, then you might be expecting bad news from your creditors.
If you can’t afford to pay them back, the obvious solution may be to ignore them, but this won’t help you in the long run.
8. Using savings for daily expenses?
If you’re regularly dipping into your savings for your daily expenses then you might be struggling financially.
Instead of saving for your future, your kids’ education or that vacation you always wanted to go on, you’re using that money for your rent, or just to get to work and back.
9. Paying bills late?
If you’re paying your bills late, or prioritizing which bills to pay and which you can leave, then you might be struggling financially.
Paying your rent this week might mean that you can’t make your car or credit card payments next week.
10. Arguing or having relationship issues due to money?
If you’re arguing with your family, or having relationship issues due to money then maybe you’re struggling financially.
Perhaps you’re avoiding going out with friends, have missed a birthday, or can’t afford something the kids need.
If you are struggling financially then the sooner you admit it to yourself, and do something about it, the sooner you’ll feel better and be able to get your life back.
We recommend that you talk to your creditors and see what they say. There are many reasons why people struggle with debt, and your creditors are likely to understand your situation.
If you have spoken to your creditors, and haven’t been given the help you need, then speak to us.
We can stop creditor calls, stop foreclosure, stop repossessions and end garnishments, but you need to tell us.
One of our experienced Minnesota bankruptcy attorneys will speak to you free of charge, and we will learn about you, your situation, and make suggestions to help you look to the future without the burden of debt.
We won’t judge, and in our experience the reasons why people file for bankruptcy is not because they’ve lived an extravagant lifestyle, but due to things like job loss, divorce and medical conditions.