' How to Improve Your Financial Situation - Law Offices of Robert M. Geller
CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Five Tips to Help You Improve Your Financial Situation

Struggling to pay bills each month can be a symptom of a much larger problem. Sometimes it means you are facing a temporary struggle, related to job loss or unexpected bill. In other cases, the problems are longer term and will continue until you take drastic action. If you are a middle or lower income family living paycheck to paycheck, things can spin out of control quickly, especially if you are struggling at the moment. Luckily, there are things you can do to help you improve your financial situation and get control of things again. What should you do?

1. Review Your Current Situation

Understanding where you stand is one of the most important steps you can take toward improvement. Some people have a tendency to hide from or avoid facing their financial struggles. If this sounds familiar or it has been awhile since you have assessed your financial situation, now is the time. Review your income, your ability to save, and your expenses in order to get a handle on how serious a struggle you are facing.

2. Create a Plan

If things are not as bad as you thought, you have the ability to create a plan to improve things as they are now. Commit to saving more or paying off a high-interest credit card in the short-term. Consider ways you can increase your earnings, at least temporarily. Catching a financial problem early can help you avoid serious issues in the coming months and years.

3. Focus on Savings

One of the primary components of getting things under control is saving money. If you are stretched too thin and you have no ability to save after your expenses are paid, you are facing a symptom of serious financial problems in the future. Make saving a priority and if it is impossible, your next step is to explore your more drastic options

4. Research Credit Counseling, Refinancing Options, Bankruptcy, Etc.

Even if your financial situation is serious you have options. Credit counseling can help you get the amount you pay each month to an affordable amount, but you need to carefully research credit counselors offering to help you. Many are unscrupulous and can make your problem worse. If refinancing your mortgage or negotiating a better rate on another loan could help free up some money each month, give it a shot. Bankruptcy could also be your best option and provide an opportunity for a fresh financial start.

5. Contact a Bankruptcy Attorney

If you think bankruptcy might be right for you, it is important to contact a bankruptcy attorney as soon as possible. The filing process is complicated, so having the assistance of an experienced professional is essential. If you would like to learn more about bankruptcy or you want to speak to someone about your current financial situation, contact the Law Offices of Robert M. Geller at 813.254.5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Can You File Bankruptcy with Equity in Your Home?

For many individuals facing financial hardship, their home represents their most significant asset. However, when struggling with overwhelming debt, the...
Read More

Are Trusts Protected from Bankruptcy?

Trusts are powerful estate planning tools. They allow people to protect and distribute their assets according to their wishes. This...
Read More

The Truth About Bankruptcy and Buying a Car

The Truth About Bankruptcy and Buying a Car Bankruptcy often carries a stigma of financial ruin and a bleak future....
Read More

How Do Bankruptcy Lawyers Get Paid?

Bankruptcy can be a stressful and overwhelming experience, but having the right legal representation can make all the difference in...
Read More

Do You Lose Your Home When You File for Bankruptcy?

Filing for bankruptcy can be a daunting prospect, especially when it comes to concerns about losing one's home. Your home...
Read More

Can You File Bankruptcy During a Divorce?

Divorce and bankruptcy are personally difficult and also complex legal processes that can have significant implications for your financial future....
Read More

Can You File Bankruptcy on Restitution?

Facing financial struggles can be overwhelming, especially when debts include complex legal obligations like restitution. What is restitution and how...
Read More

Can You File Bankruptcy After a Judgment?

Receiving a judgment against you in a lawsuit can be a distressing experience. This is especially true if you're already...
Read More

Can Back Taxes Be Included in Bankruptcy?

Dealing with back taxes can cause a lot of stress and financial burden for anyone facing financial hardship. If you're...
Read More

Can an Estate File for Bankruptcy?

Many people wonder whether or not an estate, such as the one left behind after someone passes away, can file...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions