December is a hectic month for everyone, no matter which holiday is being celebrated. But at The Law Offices of John E. Mufson, we know that holiday spending can become overwhelming very quickly. Holiday travel, shopping for gifts, sending out holiday cards, hosting meals and many other events can incur major expenses that become bigger problems when credit cards are the main source of holiday spending. The last gift anyone wants after Christmas is overwhelming debt, which is why our attorneys at The Law Offices of John E. Mufson are here to help. An experienced Chapter 7 bankruptcy lawyer in Delray Beach from our team has put together some tips for smart holiday spending this December.
The biggest culprit of holiday debt is the source of debt year-round, and it’s sitting in your wallet right now. Credit cards and the overwhelming debt they create pushes many Americans into frustrating financial circumstances. Even if you’re looking to give the best gifts this holiday season, it doesn’t mean you need to break the bank. We recommend spending cash this holiday season, rather than running up your credit cards. Spending cash helps you spend only what you have available, rather than running up credit cards instead.
Chances are, you still might wind up using your credit card this holiday season. Our Chapter 7 bankruptcy lawyer in Delray Beach recommends planning your spending before you hit the stores. Shop deals online, plan your gifts ahead of time and stick to your plan once you’re in the store. Of course, planning doesn’t end once you’ve finished your holiday shopping. We also recommend developing a payment plan for your holiday credit card spending after the season is up. Make sure you budget credit card payments in the months following the holiday season so things get paid off quickly.
At The Law Offices of John E. Mufson, we’re proud to offer assistance to help individuals from all walks of life out overwhelming debt. Holiday spending can be a major source of debt for people from all walks of life. If you wind up facing credit card balances that are well beyond your financial means, it’s time to see how an attorney from our team can help with Chapter 7 or Chapter 13 bankruptcy in Delray Beach. Whether you’re looking for help from a Chapter 13 or Chapter 7 bankruptcy lawyer in Delray Beach, our team is here to help.