CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Take Stock of Fiscal Health for National Financial Literacy Month

April is National Financial Literacy Month. No matter what your financial situation is, it is well worth your while to take some time to brush up on your financial skills. Being an informed and educated consumer can help you stay on top of your finances and can help you avoid troublesome financial traps like payday loans, overwhelming credit card debt or bankruptcy.

This month, all Floridians should make a point to review their finances and determine where they can make improvements.

Creating a Budget

The first step to improving your financial health is creating a budget – and sticking to it. Your budget should account for all of your expenses, including big ones like rent and utilities and smaller ones like subscription fees and coffee money. In addition, be sure to set aside some money each month to build up an emergency savings account. After a few months, you’ll have a good picture of where your money goes and how you can make improvements in your spending patterns.

If you already have a budget, use National Financial Literacy Month as an opportunity to review it and make sure it is still appropriate for your current situation.

Make your Money Work for You

April is also a good time to review your financial accounts to make sure they are working for you.

Review your bank statements to see what kind of fees you are paying. You may be surprised at how much it is costing you just to keep your money in the bank. If the fees are high, consider switching institutions. You may get a better deal at a smaller bank.

At the same time, look over your credit card statements and make a note of how much you are paying in fees and interest charges each month. Use your budget to work out a plan for paying down your balances and reduce your interest charges.

Take Charge of your Finances

These are just a few of the ways to take charge of your finances during National Financial Literacy Month. Even though it may seem like a chore, carving some time out of your schedule to focus on your financial health can have many long-term rewards.

Source: Consumer Affairs, “The basics of financial literacy,” Mark Huffman, April 2, 2013.

Bankruptcy can provide a path to financial wellness for those struggling with unmanageable debt. Please visit our website to learn more.

Archive

Tampa Bankruptcy Law Blog

How to Avoid Being a Victim of Scam Calls for Student Loans

Scam Calls for Student Loans Student loans are one of the biggest burdens faced by college attendees. Even students who...
Read More

Can Medical Bills Be Included in a Bankruptcy? Here’s What You Need to Know

Can medical bills be included in a bankruptcy? Medical problems are stressful enough without facing a significant debt burden after...
Read More

I’m Unemployed. Can I Still File for Bankruptcy?

Unemployed Bankruptcy Being in debt is bad enough, but if you’ve lost your job recently or accumulated debt because of...
Read More

How Will Filing for Bankruptcy Affect My Credit?

Will Bankruptcy Affect My Credit? Not paying your bills affects your credit negatively. And yet problems with credit are one...
Read More

Behind or In Default on Your Student Loan? Here’s What You Should Know

Student Loan Default If you’ve fallen behind on student loan payments or your student loans are in default, you aren’t...
Read More

Will Bankrutcy Affect My Job? Learn How Filing Affects You in the Workplace

Will Bankruptcy Affect My Job? Filing for bankruptcy raises many considerations. One of the most important is whether or not...
Read More

Can Bankruptcy Help Me If I’m Behind on Child Support?

Bankruptcy and Child Support Bankruptcy can help you with a lot of things. It can help you stop calls from...
Read More

Can You File for Bankruptcy When You’re Unemployed?

Bankruptcy and Unemployment Being in debt is bad enough, but if you’ve lost your job recently or accumulated debt because...
Read More

Bankruptcy and Eviction History

Eviction With the rate of evictions on the rise in recent months and the expectations that eviction numbers will grow,...
Read More

What to Expect Once You’ve Decided to File Bankruptcy from Home

File Bankruptcy from Home There are a few things that happen when you file bankruptcy from home. An automatic stay...
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 comodo 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