Louisiana consumers may find themselves with unanticipated financial problems after the holidays. Those who navigated their holiday spending without a budget may wonder to where all the cash went, and from where all the debts came. One option is to seek advice from an experienced bankruptcy attorney to get back on track in the New Year.
One seldom contemplates the costs involved because every person must receive a gift — from special loved ones, family members, friends and right through to the babysitters, door attendants and others who typically deserve thank you gifts. Add to those the shipping costs for out-of-town gifts as well as gift-wrapping costs. Using online services to send greetings can be expensive — an expense often disregarded — and doing personal greetings for the rest through social media may help limit costs.
Very often costs for decorating the home, preparing special meals and any special apparel needed are paid without consideration. This category of expenses often also includes elder or child care if celebrations are away from home. Then there are the traveling costs — from Uber trips to avoid drunk driving charges to airplane tickets to spend the holidays with loved ones in other destinations.
There are many ways to avoid overspending, such as drawing up lists in advance and dividing the available funds to cover everything. Some say it is advisable to avoid credit cards as much as possible. Unfortunately, even the best-laid plans sometimes go awry. When that happens, bankruptcy protection may be worth consideration.
Louisiana consumers who find themselves with overwhelming debt after the holidays might not have anticipated and budgeted for the many expenses they encountered. The most logical way to address the issue would be to take immediate action and not let debts accumulate any further. Discussing the situation with an experienced bankruptcy attorney may assist the consumer in choosing debt relief options to conquer serious financial problems once and for all.
Source: wtvm.com, “9 Holiday expenses that are easy to forget”, Andrew Housser, Dec. 12, 2016