As a Bankruptcy Lawyer or Bankruptcy Attorney in Clearwater, Florida, many Clients have questions as to how to Budget their Finances during the Christmas and Holiday Season. In the prior Blog Post, we discussed the first step of discerning what elements that are directly deducted from you Gross Income can be reduced.
After you have determined your total monthly take home income, then determine what are your monthly expenses. Write on the top of a piece of paper you take home income and then under that figure, write down your monthly expenses. Now, determine what expenses are not necessary or should be reduced or limited. Repeat this process monthly.
Attempt to create a cushion in your Budget by committing 5% to 10% of your monthly income to Savings. I understand that in the real world, this may not be possible. However, it is important to create some Savings for emergencies or other needs, including a Christmas or Holiday fund. If you spend money on presents or other gifts or expenses during the Holiday Season, it is best to determine how much of your monthly budget you can afford towards such expenses, and then save such monies monthly as part of your Budget.
I hope this Blog and the prior Blog article have given some helpful advice regarding Budgeting during the Holiday and Christmas Season. Thank you for your Consideration.
The Bankruptcy Attorneys, Bankruptcy Lawyers, and Counselors at our Clearwater, Port Richey and Lakeland Offices are here to help you if you are in Financial Distress. We primarily assist Clients who are filing Bankruptcy in the Tampa Bay area, including Chapter 7 Bankruptcy, Chapter 13 Bankruptcy and Chapter 11 Bankruptcy. Weller Legal Group is the longest established and currently operating Bankruptcy Law Firm in the Tampa Bay area. Since 1993, the Bankruptcy Attorneys at Weller Legal Group have represented over 40,000 Debtors in Bankruptcy Proceedings and have assisted and represented many thousands more through our Non Bankruptcy Programs, to help those confronting some issues of Debt.
Please Contact our Office through our Website at www.jayweller.com or Call directly our Offices at 1-800-407-3328 (DEBT) or 727-539-7701. You will speak to an actual Bankruptcy Attorney or Counselor, who is well experienced and trained in all matters of Bankruptcy Law, and our Non Bankruptcy Programs.