Senior living should be fun, enjoyable, adventurous and stress-free. You’ve worked hard your whole adult life and now is the time to sit back, relax and enjoy the view. This can be incredibly difficult if you are dealing with debt. Whether it’s credit card debt, loan debt or debt from medical bills, all of this debt can be overwhelming. So, how do I manage my debt as a senior?

If you are already thinking about bankruptcy, you should look into credit counseling. This will be a requirement you must fulfill prior to filing for bankruptcy, so why not get it out of the way now? Credit counseling can help you put together a budget you can actually stick to in New Hampshire.

It’s time to put together a repayment plan. Whether you begin paying back credit card debt or debt from a loan, begin making payments that are more than just the monthly minimums. You want to cut into as much of your debt as possible with the repayment plan.

When you sit down to put a budget in place you need to make sure your spouse or significant other is on the same page as you. It will help you both stick to the budget. You can only pay off debt successfully if you have your spending under control.

You should always consult with a bankruptcy attorney when it comes to debt. There’s nothing wrong with filing for bankruptcy as a senior. There’s always time to get your life back.

If you are having trouble managing debt as a senior you might want to speak with a bankruptcy attorney in Nashua about your situation.

Source: National Council on Aging, “Manage Your Debt: 4 Tips for Seniors,” accessed Oct. 06, 2017