margolynndill @ gmail. com
Books and Writing by Margo L. Dill (aka Margo Lynn)
Debt is horrible, and anyone that’s ever been in a significant amount of debt will be able to confirm that it’s one of the worst things that can happen to you. The situation can be made worse when you’ve got a family that needs feeding. However, all is not lost. While you may feel hopeless when it comes to your financial situation, there are always things you can do to help your financial situation. Here are some tips on how to deal with debt when you’ve got mouths to feed. Let’s get your financial status back on track!
One of the easiest ways of freeing up more money in your bank account each month is by phoning around your utility providers and securing yourself a better and cheaper deal for your energy. One thing that no energy company will tell you is that there is always a cheaper deal unless you call and ask. The threat of you leaving them will spur them into offering a cheaper (and most likely more value for your money) deal. You can do this with all of your providers including your phone bill, car insurance, and even your broadband deal. Put those haggling skills to good use and help yourself out financially!
Sometimes your debt can get to a point where you simply cannot fathom how you’re going to get yourself out of the situation. At times like this, it’s a good idea to speak to a bankruptcy attorney for some advice. They can talk with you about the process of chapter 13 , help create a future financial plan for you to stick by, and answer any questions you may have. Sometimes starting a fresh is the best thing that you can do for yourself.
You’d be surprised at how many things you’re paying for that you don’t actually need. Go through you direct debits and standing orders to make sure that you’re not paying for something that you no longer need or want. That magazine subscription? Get rid of it so that you can free up some money in your bank account each month!
When you have excessive debt, you could see something of value and pay off your debt. or at least a large chunk of it and make life much easier for yourself. This might be some jewelry, a vintage car that’s been in your garage, or even a collector’s item that you’ve been storing away.
Try these four ideas to get yourself out of debt and allow you to continue providing for your family! Remember to keep track of your finances so that you can avoid getting into debt in the first place.Tags: finance, saving money