We have a guest attorney here today to offer you some tips on avoiding bankruptcy. As someone who has "been there done that" while it might seem like a quick fix at the time, there are many downfalls. Hi, I’m David M. Offen, Esq. and I’d like to share with you four ways to avoid bankruptcy, from the perspective of a Philadelphia bankruptcy attorney who has seen it all. 1. Live Within Your Means By far, this is the most problematic area for individuals and for families. We are pitched … [Read more...] about 4 Ways You Can Steer Clear of Bankruptcy
If you are operating your household on one income or living from paycheck to paycheck, you understand the importance of managing every dime that you earn. Use these tips to learn how to manage your money and save a little for a rainy day.
When it comes to financial habits, budgeting, saving, and setting important goals are all well and good. However, mostly they look at the money that we spend actively. Modern life tends to be a little more complex with that, with many of our transactions being done automatically. As such, it’s important to have a “money day” once a month that looks at where your money is going without you actively spending it. Here, we’re going to look at what you should do with your money day. The Danger … [Read more...] about Why You Should Have a “Money Day” Every Month
It has been said that the only certain things in life are death and taxes. Americans can now add student loan debt to that list. As of February of 2019, some 45 million Americans owed a total of $1.56 trillion. The average monthly student loan payment was $393, and some 11.5 percent of borrowers were delinquent. When you consider the fact that nearly 70 percent of students in college have them, it can be argued that student loan debt has become a fact of life in the United States. Which raises … [Read more...] about What Happens to Student Loans When You Die?
Gambling has a bad reputation for being an addictive and dangerous vice. The risk factor involved in gambling is high if you approach it irresponsibly, for example if you allow yourself to become too attached or frustrated by your losses you could end up betting and losing everything. However, there are ways to go about gambling which make it a lot safer, and a potential source of a little extra income for you. You could even become the next jonny jackpot winner if you’re lucky, so here’s how to … [Read more...] about The Rules of Gambling and How It Can Help You to Up your Income
The general consensus around money is, don't spend what you don't have. It is the basic rule of life, right? To not use or waste what you cannot replace or that which does not belong to you? That makes sense in some ways, but the financial world is so complex that you shouldn't rely on blanket terms or phrases. In the world of making money the saying usually goes: You have to spend money to make money. Although it's easy to think this only applies to the wealthy, time and time … [Read more...] about Buying Yourself Out of a Financial Hole