How to Save While Consulting with a Bankruptcy Attorney

Spending money is a necessary evil. In today's society, it is very difficult to even go more than a day without spending a little bit of money. However, if you find yourself with a huge pile of debt and in need of the services of a bankruptcy attorney in Memphis, TN, then you know that your spending habits need to change. Here are some ways to save money while you are working through your bankruptcy attorney. 

Make a Budget

People who have exorbitant amounts of money can afford, and sometimes really need, a financial advisor, but average people can figure out a budget pretty easily on their own. If you have a bank account, then your bank website probably has a section that is listed under a tools tab to help you figure out your budget. (If you aren't very tech savvy, then you can go into the bank and one of the staff can help you figure it out free of charge.) Once you figure out where the tools section is, there is usually a section devoted to your spending report. This will break down all of your expenses from your credit and debit cards by the month. It will show you how much you are spending on groceries, entertainment, utilities, rent, gas, etc. From this you can decide what places you can afford to save in and what are necessities that cannot be decreased, like rent. Make a budget that is realistic that you can stick to, and be strict with yourself. If you don't have money for ice cream, then don't buy the ice cream. 

Meal Plan

Couponing can be a full time job if you work at it, but it can also save you a bit of money here or there if you shop the sales. Meal planning is one of the best ways to save money while you are bankrupt. Opt for foods that will fill you up for a small price, like rice and potatoes. You can buy these foods cheaply and pair them with small servings of meats and fresh vegetables. You don't have to eat rice and beans every day to eat cheaply. You just have to plan out your meals and eat smartly. This may feel like a big lifestyle change, but it will amaze you how easily it will come to you when you've done it for a few weeks. 

Cut Unnecessary Monthly Payments

A lot of people get tied down to monthly subscriptions because it seems like such a good deal when the payments are all spread out over a year or two, but these can really drag you down when you are trying to save money. This would be a great time to cut out your magazine subscriptions, gym membership, and extra data plan on your phone bill. Anything that can be cut should. Your life will get much simpler when you don't have to worry about these payments and you will save a lot of money that you didn't know you had. If you like to exercise, try running outside or exercising at home. If you love your magazines, then sign up for free ones online or take a couple minutes while you are at the grocery store to look through ones that you just can't live without. If you use a lot of data on your phone, now is a good time to purge all of the apps that are taking up too much data and too much of your time.

Living more simply can make you feel refreshed and you might actually find that you like this new lifestyle. For more tips on how to save, consult with your bankruptcy attorney in Memphis, TN. 

 

Source : articlesbase.com