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.