FAQ: Should I Prepare A Budget?

Susanne M. Robicsek
Charlotte NC Bankruptcy Attorney
(704) 377-0776

NC Bankruptcy Lawyer in Charlotte North Carolina for Chapter 7 / Chapter 13

Should I Prepare A Budget?

By all means, prepare a budget. Many people have never prepared a budget before meeting with me and many have never thoroughly discussed finances with their spouse.

All families need a financial plan. Everyone needs to know where their money goes. Think about what you need vs. what you want. Save now, pay later and you will save lots of money on interest payments. Don't ignore expenses that don't come up every month, like car taxes, clothing, car or house repairs, and medical or dental visits.

Many clients tell me that they used their credit cards for emergencies, but most things that they call emergencies are things that we all should know will happen to us.

If you drive a car, it will need repairs, new tires and oil changes. If you are a human being, you will need to see a dentist, get medical attention, and buy medicines. If you own a home, it will need maintenance, the plumbing fixed, new appliances, and a new roof every twenty or so years. The things we usually call emergencies are things we can all expect to happen.

For a budget to balance, you must plan for these things by putting money away each month so it is there when you need it.

Do I Owe Enough To File Bankruptcy?

The Law Office of Susanne M. Robicsek
1701 Scott Avenue Charlotte North Carolina 28203
phone:704 / 377-0776
fax: 704 / 377-0775

DISCLAIMER: This message is intended as a general discussion of legal issues and not as a statement of fact, legal advice or a legal opinion; Personal opinions may also be expressed. No attorney-client relationship is created by this message; Do not act or rely upon law-related information in this communication without seeking the advice of an attorney licensed to practice in the relevant area.
 
The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.

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Charlotte NC Bankruptcy Lawyer Concentrating In Consumer Bankruptcy Since 1988
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