Tips For Young Couples To Avoid Bankruptcy In Augusta by Carolyn Lewis
Every young couple just starting married life has their own ideas about how blissful life will be together. You have your 5 year plan all mapped out - new cars, buying your first house, having a child or two. The Fairy Tale Marriage.
I'm all for that, believe me! That's all I ever wanted, too. But unfortunately, life doesn't always happen that way. I don't think that any of us were thinking about divorce when we got married. We weren't thinking about our new business possibly going under. We weren't thinking that one day both of us could lose our jobs. Seeing ourselves in such a financial bind that the only way to survive would be to file bankruptcy in Augusta wasn't even in our worst nightmare. But like it or not, it's a reality that could happen to you.
Outside economic influences aren't always the reason why many young couples go bankrupt. Many times it is a lack of knowledge internally that gets them in trouble. Before the bankruptcy laws were changed in 2005, more and more young couples were filing for bankruptcy. Why? Unfortunately, many didn't really know how to manage their money properly when they were single, and then taking over the finances for two people became twice as scary.
A lot of advice is given to newlyweds, but one of the most important topics is generally overlooked. If young couples were given even a little bit of financial advice, maybe more bankruptcies in Augusta could be avoided. Here are a few tips to keep in mind to help start you out on the right financial foot,:
* Keep it separate......your check books, that is. You both banked separately before you got married, right? When you have just one checkbook, both are usually spending without the other one knowing, so when it comes time to balance, chances are you could be in the negative.
* With the exception of your home, pay cash for everything. If you can't buy with cash, then you really don't need it now.
* Until you can truly afford a new car, buy a good used one.
* Have only one charge card, and use it only in an emergency. Pay it off as soon as you get the bill. No need to rack up finance charges.
* Start a college fund as soon as you find out you're expecting. Better to put $100 a month away now, than to try and come up with $40,000 in 18 years!
* Believe it or not, retirement is not that far away. So invest in a good retirement plan. One day you will need it.
* NEVER borrow money from relatives. It causes bad feelings, and family relationships, as well as marriages, have been destroyed by it.
* If you really want or need a big ticket item, take on a second job. Not only will you get the satisfaction of making extra money, but think of how you will feel when you can pay cash for it and not have another bill hanging over your head.
Ok, I'm not saying that if you stick to these tips you will never ever have to file a bankruptcy in Augusta. We know that things happen. Just keep in mind that by working together, budgeting, and building a nice financial portfolio, security will come into your life, you will be brought closer together, and your chances of having to file bankruptcy will be dramatically reduced.
Looking to find the best deal on bankruptcy, then visit http://www.attorneylawyeraugustabankruptcy.com to find the best advice on augusta bankruptcy filing for you.
Article Source: ArticleSnatch Free Article Directory
Every young couple just starting married life has their own ideas about how blissful life will be together. You have your 5 year plan all mapped out - new cars, buying your first house, having a child or two. The Fairy Tale Marriage.
I'm all for that, believe me! That's all I ever wanted, too. But unfortunately, life doesn't always happen that way. I don't think that any of us were thinking about divorce when we got married. We weren't thinking about our new business possibly going under. We weren't thinking that one day both of us could lose our jobs. Seeing ourselves in such a financial bind that the only way to survive would be to file bankruptcy in Augusta wasn't even in our worst nightmare. But like it or not, it's a reality that could happen to you.
Outside economic influences aren't always the reason why many young couples go bankrupt. Many times it is a lack of knowledge internally that gets them in trouble. Before the bankruptcy laws were changed in 2005, more and more young couples were filing for bankruptcy. Why? Unfortunately, many didn't really know how to manage their money properly when they were single, and then taking over the finances for two people became twice as scary.
A lot of advice is given to newlyweds, but one of the most important topics is generally overlooked. If young couples were given even a little bit of financial advice, maybe more bankruptcies in Augusta could be avoided. Here are a few tips to keep in mind to help start you out on the right financial foot,:
* Keep it separate......your check books, that is. You both banked separately before you got married, right? When you have just one checkbook, both are usually spending without the other one knowing, so when it comes time to balance, chances are you could be in the negative.
* With the exception of your home, pay cash for everything. If you can't buy with cash, then you really don't need it now.
* Until you can truly afford a new car, buy a good used one.
* Have only one charge card, and use it only in an emergency. Pay it off as soon as you get the bill. No need to rack up finance charges.
* Start a college fund as soon as you find out you're expecting. Better to put $100 a month away now, than to try and come up with $40,000 in 18 years!
* Believe it or not, retirement is not that far away. So invest in a good retirement plan. One day you will need it.
* NEVER borrow money from relatives. It causes bad feelings, and family relationships, as well as marriages, have been destroyed by it.
* If you really want or need a big ticket item, take on a second job. Not only will you get the satisfaction of making extra money, but think of how you will feel when you can pay cash for it and not have another bill hanging over your head.
Ok, I'm not saying that if you stick to these tips you will never ever have to file a bankruptcy in Augusta. We know that things happen. Just keep in mind that by working together, budgeting, and building a nice financial portfolio, security will come into your life, you will be brought closer together, and your chances of having to file bankruptcy will be dramatically reduced.
Looking to find the best deal on bankruptcy, then visit http://www.attorneylawyeraugustabankruptcy.com to find the best advice on augusta bankruptcy filing for you.
Article Source: ArticleSnatch Free Article Directory