Filing for bankruptcy in New Hampshire is not the end of the road for your life financially. In fact, it should be looked at as a second chance or a fresh start. The slate has been wiped clean and you can do things differently now that you are not suffocating under a pile of debt. One of the most important things you need to do following a bankruptcy filing is learn how to build and stick to a budget.
Even though most expenses will go away following a bankruptcy you will still have bills to pay. This includes health insurance, utilities and other necessities such as groceries. You need to make sure you spend as little as possible on these items, which could mean cutting down on what it is you buy or how much health coverage you have.
You need to write down all sources of income. This includes any job you work, any interest from financial accounts, alimony, child support or any other way money comes in to your accounts. Mark down when the payments are made (weekly, bi-weekly, monthly, or quarterly) so you know what money to expect and when.
Compare the two lists to see where you stand. Is your income more than your what you spend? If so, you are off to a good start. If your expenses are still higher than your income you need to find ways to reduce your expenses even further by tracking your spending closer.
Have you filed for bankruptcy in Nashua recently? Do you worry you will find yourself back in debt in the near future? If you budget your money accordingly you should have no trouble getting back on track after a bankruptcy filing.
Source: Money Management, "How Do I Budget After Bankruptcy?," accessed Jan. 26, 2018