CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How Your Attitude Affects Your Odds of Filing for Bankruptcy

If you have filed for bankruptcy in the past or you are concerned your current lifestyle is leading you toward financial ruin, you probably feel a lot of stress when it comes to your finances. The good news is it’s possible to take control of your financial life and stop the landslide that often seems to occur in the weeks and months leading up to bankruptcy.

One of the best things you can do to reduce your odds of filing for bankruptcy is to adjust your attitude about money. Here’s how:

Only Make Large Purchases When You Can Afford Them

If you are like most people, there are many things you want to buy and do, and you might spend time convincing yourself life will be better if you spend money on these things. It’s true, having experiences and owning quality items can make life seem better – but only if you’re really able to afford those things.

The bottom line is if you can’t afford something it is not going to make your life better and long-term, you’re going to feel really bad about buying something you couldn’t afford. One of the first things you should do if you want to significantly alter your attitude about money is to commit to living within your means and only buying things you can afford.

For tips on how to live within your means, check out this article Mint.com.

Cautiously Optimistic

There are plenty of people out there, maybe you’re one of them, who don’t want to think about all of the bad things that can happen in life. They want to focus on the positive and make the most of the time they have on earth. This is a great attitude to have – after all, being positive feels good and helps those around you feel good.

Unfortunately, there is such a thing as taking positive thinking to the extreme, especially if your positive attitude actually has you crossing over into a fantasy land where you believe nothing bad will ever happen. The key to leading a fulfilling life, and staying out of serious financial trouble, is to have a plan for the bad things that can happen. Having an emergency fund ensures you are able to deal with the bad – and usually expensive – things that are a part of everyone’s life. This isn’t having a bad attitude, it’s planning ahead and being responsible.

Understand Life is Not a Competition

It can be challenging, especially in this day and age of social media, to feel fulfilled by your own life. Every day you are met with opportunity after opportunity to compare your life to the lives of others you see on Facebook, Instagram, etc. and etc. It’s tempting to get caught up in how your life could be better if only it were more like those you see online. Sadly, this has led many people down the path of overspending in an effort to fill an emotional void, and instead of fixing anything it create a serious financial problem.

Next time you’re tempted to buy something because so-and-so bought it, take time to reflect on your priorities and whether or not you really need to spend the money. This is a great thing to do even if you are financially stable and have the money to make purchases. After all, the money you have now might not always be there, so you want to make sure you are spending it wisely.

If you have questions about dealing with financial burdens or you have made mistakes and you want to speak to someone about how bankruptcy could give you a fresh start, we can help. Contact the Law Offices of Robert M. Geller at 813.254.5696 to speak to someone about scheduling a consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
Read More

Could There Be Changes on the Horizon for How Student Loan Debt is Handled in Bankruptcy?

If you’re wondering how to file for bankruptcy for student loan debt or you’re wondering if bankruptcy can help you...
Read More

Does Bankruptcy Clear Student Loan Debt?

Many people considering bankruptcy wonder “Does bankruptcy clear student loan debt?” Until recently, that answer was almost always “no.” But...
Read More

Will Student Loans Force You Into Bankruptcy? Here’s How a Student Loan Bankruptcy Attorney in Florida Can Help

If you’re struggling with student loan debt and not sure what comes next, a student loan bankruptcy attorney in Florida...
Read More

Have You Received a Letter from the IRS About a Tax Debt? Here’s What You Should Know Before Responding

Here's what you need to know if the IRS has contacted you about tax debt. Every year the IRS contacts...
Read More

Here’s How You Can Rebuild Your Credit

How do you repair this damage and rebuild your credit after filing for bankruptcy? Many people believe that filing for...
Read More

How Can You Practice Smart Credit Card Management after Bankruptcy?

How can you learn better credit card management after bankruptcy? Using credit after bankruptcy is an intimidating experience for many...
Read More

How Do You Improve Your Credit Score?

How do you improve your credit score? Here's what you need to know. Your credit score plays an important role...
Read More

Does Bankruptcy Credit Counseling Work?

Bankruptcy credit counseling helps you emerge from bankruptcy understanding credit management. People filing for bankruptcy must take two courses regarding...
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

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

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