Mid-Year Financial Review

Atlanta GA Bankruptcy Lawyer

Millions of Americans make New Year’s resolutions at the beginning of January, and of those resolutions many center around finances. While gyms and fitness retailers will probably all have an advantage at the start of the year with people resolving to lose weight or “get in shape,” getting finances in gear is also big goal for many people. However, now that half of 2017 is already in the past, it is time for a mid-year financial check in to see how well you are sticking to your budget and money goals.

Here are questions to ask:

  1. Have you decreased your debt? The only road that leads to financial freedom is the road that gets you out of debt. Remember to use cash for purchases in order to stop charging money that you do not have. For any remaining credit card debt, make a payment plan to pay off your credit cards. Remember to pay your bills on time to avoid late fees and penalties, which only increase your debt.
  2. Have you increased your savings? Saving even $50 a month will add up over time. Setting up an automatic savings plan that takes a small portion of your paycheck and puts it directly into a savings account is a smart and easy way to save money. It is always helpful to have a savings goal in mind and to break it down into weekly or monthly deposits – and to identify beforehand what you will use the savings for. Motivation is very helpful for saving money!
  3. Have you taken control of your finances? Write out where your money goes every time you spend money so that you will have a visual to show you where you spend wisely and where you do not. Analyze your spending to determine where you need to reign in your money. Remember, you should control your finances, not the other way around. Scrutinize your credit cards (if you use them) for accuracy. Identity theft is a huge issue, and simple mistakes are common – both of which can add to your debt load.
  4. Do you need help before it is too late? If you have been diligent about your finances this year and still find yourself head over heels in debt, or if your spending has continued to spiral out of control and your debt seems insurmountable, get help before it is too late. It is highly recommended that you speak with an experienced Georgia bankruptcy attorney when your debts are stacked against you.

At Gingold & Gingold, LLC, we are experienced, reputable bankruptcy attorneys that can evaluate your situation and help you determine what debt management solutions are best for you. Call us today.

Gingold & Gingold LLC
1718 Peachtree St NW, #385
Atlanta, GA 30309
(404) 685-8800