Jump to Navigation

Controlling your spending habits

Washington D.C. residents may have filed for bankruptcy due to falling into debt. While that's a good solution for a short-term debt problem, it's also imperative to set long-term habits so that debts don't start piling back up again after a person has been freed from them.

Time offers advice on how to control your spending, which can be one of the easiest ways to cut down on debts that are built up over time. They suggest being very careful with credit cards in particular, as it can be far too easy to swipe a card and forget how much money is actually being spent over the course of the month. Using apps that monitor every use of the card, or switching to cash more frequently, are both good options that can make a person more cognizant of how much they're spending.

Meanwhile, Every Dollar gives ways to avoid temptation to buy superfluously, which can be a big money sink. This includes the obvious things like treats, video games, clothing and other non-necessities. It can also include having a stricter budget, or dividing weekly money into separate envelopes so a person know exactly what is going where and how much will be spent. Patience and even relying on a buddy to help keep shopping itches under control can be a huge help.

Once a person starts setting up better spending and saving habits, they can dig themselves out of debt without worrying about falling right back into it again. This is one of the best things any debt sufferer can do to help themselves out in the long term.

No Comments

Leave a comment
Comment Information
Start Right Now

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Visit Our Bankruptcy Law Website Subscribe to This Blog's Feed
Office Locations

1115 Massachusetts Ave NW,
Washington, DC 20005
Phone: 202-559-1428

10512 Pohick Court,
Fairfax Station, VA 22039
Phone: 703-550-7030

6926 Seven Locks Road,
Cabin John, MD 20818
Phone: 301-890-4500

Toll-Free: 877-441-4076
Fax: 202-638-5858

Twitter link