Cunningham, Chernicoff & Warshawsky, P.C.
Call to Schedule Your Initial Consultation
717-260-3527 or 866-534-4404

Improving financial habits for a better post-bankruptcy outcome

Bankruptcy has helped and continues to help Harrisburg area residents get out of debt. Whether you are considering it to help you overcome some major and unexpected medical expenses or to regain a solid financial footing after losing a job, it is not the only thing you must do to benefit from it. 

By law, you can file for bankruptcy multiple times. However, it is best as a necessary and last tactic resource. Take some time to consider additional steps you can take to improve your credit and keep your finances under control after bankruptcy

Evaluate spending habits 

There are many issues that could have contributed to your financial situation. Identify what they are and make a plan to deal with them. For example, if you kept overdrafting your bank account or going over your credit card limits, you might be living beyond your means. Eliminating non-essential expenses can reduce your monthly spending and help keep you from overspending in the future. 

Create a plan 

Having a goal can make it easier for you to track your financial habits and hold yourself accountable. Start off by setting and writing down several financial goals for yourself. Each goal should be more challenging than the previous one. 

Open a savings account 

In addition to having monthly financial goals, you should have a set amount of money to stash away into a savings account every month. If you do not already have a savings account, shop around for the best credit union or bank. An account that offers the best interest rate and least maintenance fees is ideal. Also, you might want to look into money market accounts and other financial products that can help you to establish a financial safety net for unexpected expenses. 

Ideally, you should work on improving your financial situation before you emerge from bankruptcy protection. Afterward, you can work on using your new financial acumen to avoid financial trouble in the future.

No Comments

Leave a comment
Comment Information

Contact The Law Office Of Cunningham, Chernicoff & Warshawsky, P.C.

Contact our office online, or call us at 717-260-3527 or toll free at 866-534-4404 to set up a meeting with our experienced Harrisburg bankruptcy lawyers. We offer free initial consultations in matters involving bankruptcy or personal injury.

contact us

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

Cunningham, Chernicoff & Warshawsky, P.C.
2320 North 2nd Street
Harrisburg, PA 17110

Toll Free: 866-534-4404
Phone: 717-260-3527
Fax: 717-238-4809
Harrisburg Law Office Map

Mailing Address
P.O. Box 60457
Harrisburg, PA 17106

Toll Free: 866-534-4404
Phone: 717-260-3527