Debt is an all too common problem among Americans. There are many easy ways to get into debt. The hardest part about debt  is getting out of it. When you are ready to break the cycle, seek help from an expert bankruptcy attorney in Sarasota or find a credit counselor.

In part two of this series on how to kick your debt we will be talking about how to live within your means:

  1. Categorize your spending- Understand what are necessary and unnecessary purchases. Categorize all necessary spending into categories such as; food, transportation, utilities, etc. Cut down or cut our your unnecessary purchases. Use the excess money to pay off your credit debt.
  2. Organize your debt- Know who you owe money to, how much you owe, and payment schedules. This will help you with calculating your monthly expenses. You also need these numbers to create a realistic budget.
  3. Make a realistic budget- Once you know how much money you have coming in and how much money is going out, make a budget.Factor in all of your necessary spending. Budget out for the next month. Excess money can go to paying off your debt. Stick to this budget. Sticking to a strict budget is one of the hardest things to do but it will pay off in the end.

A professional bankruptcy attorney at Galarza Law Firm is willing to help you learn how to avoid bankruptcy. There is no shame in asking for help. If you have tried everything, changed your spending habits, and are still not able to dig yourself out of debt, call us today!