${site.data.firmName}${SEMFirmNameAlt}
Bankruptcy Doesn't Need To Be Stressful
Scroll Down

How can you stay out of debt?

Illinois residents like you have two primary issues to worry about if you have been buried in debt: how to get out of it, and how to stay out of it. We at the Law Office of Paul R. Idlas will discuss a few methods that can keep you from falling back into debt once you have found a way out.

There are many different ways to stay out of debt. Sometimes, it might take some trial and error to find the methods that work best for you. One way to start is by removing your easy access to credit cards. This can include:

  • Setting a self-monitored credit limit
  • Only spending what you have the cash equivalent of
  • Leaving your credit card at home
  • Setting detailed budgets

You can also try downloading apps that help you track your expenses. Big ticket items often aren't what send people into debt. Rather, it's the stacking up of a number of smaller or moderate items over a longer period of time. If you are aware of every expense you make, it can help you cut back on superfluous ones.

Finally, a good tip is to not immediately start spending any new money you come into. Even if you get a raise or find a better-paying job, you should still be putting as much money as possible into savings.

Do you want to get out of debt and stay out of debt? Take a look at our web page on debt relief, linked here. You can learn more about how to get yourself out of debt in a current situation, and tips and tricks for staying afloat once you have successfully freed yourself.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Tell us more About Your Legal Issue

* Bold labels are required.

Your initial attorney consultation is free of charge. I also offer payment plans to qualified clients.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Address

1099 North Corporate Circle
2nd Floor
Grayslake, IL 60030

Phone: 847-986-8862
Fax: 847-223-5583
Grayslake Law Office Map

Office Number

Review Us