This post is sponsored by a company that deals with Utah Bankruptcy along with Bucks2Blog. I want to share a few tips that can help you avoid bankruptcy.
First off, I want to say, write down everything you spend. You will be amazed where your money goes. Especially on all those little things you just pick up throughout your day. The snack at the machine, a drink on the way home, the candy bar in the grocery line. Yes, they appear small, but they add up. My husband's father taught us to so this shortly after we were married and what a help it was. By looking back at our list we were able to discover ways to cut corners and and actually save money, or have extra to pay off bills.
Next, write out a budget. Plan where you are going to spend the money and be sure to pay bills promptly. Unexpected things will come up, but don't allow them to destroy your budget, just make adjustments.
If you have unexpected bills or emergency bills, stay in contact with the company and make every possible attempt to pay the bill. Even if you can only send $10 a month, they see you are trying to pay the bill. We had an emergency medical bill with our son, and we were able to work out a monthly plan that worked for both us and the company. They appreciated us being up front with them and if we had to make a smaller payment one month, they understood and looked at our track record.
We also use a change jar and add money daily. We have even occasionally thrown in dollar bills. Then at the end of the month you can use it towards a bill. Sometimes it is only $10-$20, but a few times we have had close to $50. Not bad to apply to a bill!
These are just a couple of tips I have to offer. Do any of my neighbors have some tips for avoiding bankruptcy? I would appreciate you sharing them here. Leave a quick comment.
Disclosure:I am participating in a blogger campaign by Bucks2Blog and was compensated. However, the views and opinions are my own.