Nashville Bankruptcy Experts, Clark & Washington, Offer New Year's Resolution: Get Out of Debt

NORCROSS, GA, January 15, 2013 (Press-News.org) If you want to improve your financial health this year, there are some changes you can make to help kick-start your goal. To understand the basics, the Nashville bankruptcy professionals at Clark & Washington offer the following tips to help keep you focused.

Don't Deprive Yourself
By marginally reducing your spending, you will not feel as though you are depriving yourself. According to Credit.com, penny pinching several dollars each month can make a huge difference. For example, if you owe $10,000 on your credit card and send in the minimum payment each month, it could literally take nearly 50 years to pay off the debt. Never mind that the $10,000 will be closer to $33,000 by the time you finally pay it off. The trick is to stash away a meager amount each day. Even if it's just fifty cents to cover the interest each month, if you pay that on top of the minimum amount, you will save more than $5,000 and two decades of payments.

Substitute Bad Habits
Many may have seen the hit TV show, "My Shopping Addiction." It may be a bit extreme, but it shows how habitual, excessive shopping can destroy lives. Most compulsive shoppers who go into debt are trying to deal with complex emotions, such as stress, frustration and anger. The pulse of shopping helps to only temporarily enhance their mood. Nonetheless, this habit can be swapped with an activity that is much healthier for you.

This month, try replacing shopping with exercise, such as jogging or bike riding. The reason why exercise works so well is because it produces the same feel-good endorphins that shopping does; however, exercise won't run you into debt.

Always Leave Home without Them
Research shows that people spend more when they shop with credit cards. If this is the same with you, you should put your credit card on a winter hiatus. Why not place them where it's difficult to get to them? Some debt experts even suggest freezing them, or cutting them up if you really don't need them. Regardless of what you do, just imagine how much impulse buying you will avoid, money you will save and stress you will leave behind.

Know When to Admit You Need Professional Help
Unfortunately, you may relapse on your New Year's resolution to get out of debt, but it doesn't mean you're doomed. If all else fails, you can always hire the Nashville bankruptcy lawyers at Clark & Washington, who will provide their expertise and services to help you get your financial affairs in order.

Deciding whether to pursue debt management, settlement or bankruptcy can frequently be the hardest part of getting out of debt. Bankruptcy attorneys in Nashville, Clark & Washington, can supply you with a clear understanding of each option and assist you in weighing the pros and cons of each. In addition, in working with a Nashville bankruptcy lawyer, you will know everything will be taken care of professionally. To make sure you're getting the utmost professional care, go to http://www.bankruptcyattorneynashville.com.

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.bankruptcyattorneynashville.com.

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