ATLANTA, GA, January 15, 2014 /24-7PressRelease/
-- The holidays are a magical time. However, once the holiday season is over and the credit card bills start to roll in, that magical feeling can quickly turn into stress. Take the advice of these experienced bankruptcy attorneys in Atlanta
and get your finances back in order after holiday spending.
Paying off Credit Cards
If you have multiple credit cards to pay off, begin by putting all the money you can afford toward paying off the card that has the highest interest rate, making only the minimum payments on the others. Once the first card is paid off, choose the card with the second-highest interest rate and repeat the process until everything is paid off.
Make Use of Unexpected Income
You can also pay off credit cards or holiday debt using unexpected income. For instance, you can use your tax refund or a holiday bonus to take care of debt. While it can be tempting to use that money to buy something new, the Atlanta bankruptcy attorneys explain that it is a much more profitable decision to pay off debt instead.
Start Preparing for the Holidays Now
What better way to start a new year than to sit down and work out a budget for the next year. And while you create a budget, include any anticipated holiday expenses; everything from travel and presents to decorations and wrapping paper. Once you figure out the total amount, calculate how much money you'll need to set aside every paycheck, every month, etc. According to these experts in Atlanta bankruptcy
law, the best way to avoid stressful holiday debt is to start saving as early as possible.About Clark & Washington:
Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.
For more information, visit http://www.cw13.com