Every marriage is not meant to last forever. No matter what the reasoning behind the divorce, it is important to have legal representation for each side. I almost lost everything because my former spouse said that he was taking care of things and that he would be fair about how the assets were divided. It took several weeks for me to find out what he was up to. It was then that I hired my own attorney and got what I deserved. You should never attempt to go through a divorce without a lawyer working on your side. On my site, I have listed several of the issues that can get overlooked if you are inexperienced with divorce documents and proceedings.
After you file for bankruptcy, you might feel a sense of relief because you're taking care of your financial problems. However, to maintain that feeling of relief, you need to take action to avoid bankruptcies in the future. Here are some tips you can use to make sure that you never have to file for bankruptcy again.
Determine Whether You Need More Income
A recent study showed that 47% of Americans would be unable to pay an unexpected $400 expense without having to borrow or sell something. If you are like many people and live paycheck to paycheck, it is critical that you are honest about whether you need to have more money coming into your home. An emergency fund is vital, and if you are unable to build one through saving money, it can be very easy to fall into financial trouble in the case of an emergency.
If you determine that you do need more income, there are a number of things you can do. You may need to take on another job until you have a healthy emergency fund, for instance. You might move to a smaller home or give up your car. You can also look into scholarships and grants that can help you go to school to learn marketable skills you need to make more money.
Limit Yourself to a Few Credit Cards
After your bankruptcy goes through, you may be surprised to discover that some companies will offer you credit. However, it is important that you don't take every card you are offered. Stick with a few cards, and pay the balance in full each month.
You may be tempted to not use any credit cards and think you are doing the right thing. The truth is that you need to rebuild your credit, and responsibly using a new credit card can help you do that. If you ever plan to buy a home or car in the future, a good credit history can help you.
Set Some Spending Rules
To avoid spending money unwisely, consider putting some rules in place for yourself. For example, before buying something you want, you might want to wait a week before making the purchase. That will help you avoid impulsive buying practices. You may also decide to only spend a set amount of money on non-essential items each week. Come up with some rules you can stick to, and you may end up keeping more money in your pocket.
For more information, contact Attorney John A McLaughlin Jr PC or a similar legal professional.