It’s February and you have 10 more months to get your finances back on track before next year. Starting a budgeting plan right now is the best way to look forward to a promising future. Saving money is easier than you think. Here are three steps to help you save money throughout the rest of the year:
1. Keep a record of your purchases
Little purchases, such as Starbucks stops, lunch out, extra trips to the grocery store, and other small purchases can add up quickly. Keeping a written record of everything you purchase over the course of a month will allow you to see how much you really spend and if you can cut back.
2. Create a budget
After reviewing your purchases, you can determine which items are necessities and which are luxuries. Next, decide which luxury items you can cut out or limit. With your complete list you can create a monthly budget.
3. Make short-term and long-term goals
After you have reviewed your spending record and created a new budget, you can set aside some money in a savings account. Your new savings account can be used to fulfill your short-term and long-term goals. A short-term goal can be as simple as only eating out once a week, while a long-term goal might be budgeting extra to pay down your student loans more quickly.
The best way to approach your debt depends on your specific circumstances and needs. Our bankruptcy attorneys have the skills, knowledge, and real experience needed to guide you toward your goals. We will help you make the right choices, and explain exactly what happens next and how it will affect you and your family. At King & King, we are on your side and will treat you with the respect and consideration you deserve. Give us a call today at 404-524-6400 for a free consultation or visit us at www.kingandkingattorneys.com