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Take Control of Your Money

gs-4386-101413-gs4386Money is vital to your wellbeing. It is important to be financially stable in order to take care of yourself by ways of food, hygiene, health, shelter, and many other elements. Bankruptcy can be a solution for some people, but not for others. A bankruptcy lawyer can analyze your situation to determine if you qualify or if it is the right decision for you.

Nevertheless, there are many things that you can do to ensure financial stability. Some regard the controlling of spending habits. Others relate to future preparation, building investments and savings, and even controlling your expenses. Here are some helpful ideas to protect your future!

Spending Habits

While some people like to impulse buy, spend a lot of money on eating out, or even drink alcoholic beverages in immense quantities; others use a lot of money to travel, purchase the best car, buy the best television, or even purchase the latest and greatest products. For some, having a lot of money means spending without care or acknowledgement. In any case, taking control can better your life.

Some ways to reduce your spending habits includes:

  1. Control usage of your utilities: This can save a lot of money if you take control. There is no sense in running the heater 24 hours a day when you are only home for 6 or 12 hours or leaving lights on in a room that nobody is in.
  2. Make a list of your shopping needs: This allows you to see exactly what you need and gives you something to stick with when you are shopping for food, clothes, electronics, or anything else.
  3. Avoid browsing a store or just stopping by to see what they have: This can help reduce impulse buying and wasting your time too. When you go into a store, look at the aisle labels to find items on your list. If you walk the whole store, their marketing efforts are winning.
  4. Preparation Shop: This relates to conducting store competitive research, product research, product reviews, and even product pricing to get the best value and quality that can save you money in the long run. A cheaper item compared to the slightly more expensive one may cost you more in the long run.   

Set Some Aside

When referring to setting aside money, it is related to savings accounts, investment accounts, retirement accounts, and even children or family accounts. If you live paycheck by paycheck or worse, it can be a challenge to maintain this process. That is understandable. It may be a time for bankruptcy depending on the situation.

Regardless, setting money aside every pay is important to your future. You need money for emergencies, surprise bills, family situations, and even personal situations. You also need it for retirement, new vehicles, health bills, life’s important expenses like clothing and shoes, plus many other needs.

Open up another checking account and/or savings account to place a percentage of your income in. Many employers that offer direct deposit allow deposits into more than one account. It is surely better than garnishment.



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Semons & Semons Semons & Semons
85 E Gay St #903, Columbus, OH 43215
Phone: (614) 228-1930