All bankruptcy attorneys are not created equal. Schedule A Free Case Evaluation
Nowack & Olson, PLLC
Let’s do this together.
Speak with one of our professionals.
888-813-4737

Florida residents urged to save and cut back spending

What will you do with your tax return when it arrives? You may be tempted to spend it, but if you're like at least three quarters of South Floridians (according to a poll by dealnews.com), you'll be using your tax refund to pay down the balances from credit cards and other debt, or adding it to your savings account. With $2,803 being the average tax refund in 2012, your refund has the potential to make quite a dent in either your credit card debt or your savings plan - maybe even both.

Financial experts say many Florida residents may already be taking advantage of their tax returns for this purpose. The average consumer credit card balance dropped 12 percent in January, compared to this time last year. The recession, which has caused lingering financial challenges for millions of people, may be a major motivator in getting people to make wiser choices with their tax returns and other forms of large income.

A Plantation certified financial planner says in order to avoid continued problems with consumer debt and creditor harassment, it's vital for Americans to know exactly where their household money is going. Finding new ways to cut back expenses is always a smart way to end up with additional monthly income, as well as secure your emergency savings or retirement plans.

The U.S. Census Bureau reports Broward, Miami-Dade and Palm Beach counties spent an average of $6,138 in 2010 and 2011; the financial planner has offered a tip to try to cut that spending in half to result in even more savings. These are still difficult times for millions of people. Saving money and cutting back on spending are good ways to get out of financial pitfalls. It may also help to speak with a bankruptcy attorney about other options.

Source: Sun Sentinel, "How average South Florida folks can cut $3,000 more from budgets," Donna Gehrke-White, Mar. 6, 2013

No Comments

Leave a comment
Comment Information

We take your situation as seriously as you do.

Start with a Free Case Evaluation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

What Our Clients Say:

Back
  • "Maria please let Attorney Olson know how pleased I am with the results of my home loan modification with Bank of America. I am so grateful for all of their hard work, especially since my house was a gift from my parents, I prayed not to lose it to foreclosure....."

    Cassandra M.
  • "We received last Friday our bankruptcy discharged letter for the trustee.
    We want to thank you very much for your services in our bankruptcy file.
    We are very pleased and happy with your service, you are so professional, courteous, organized and fast.

    We will recommend you every time we can.
    God Bless You!"

    Yazmin & Ricardo D.
  • "MY EXPERIENCE WITH MITCH AND CHRIS AND U WERE JUST A GREAT EXPERIENCE I WANTED TO GIVE UP PRIOR TO U GUYS.. DON'T WANT TO FORGET ABOUT LEO, HE'S ALSO GREAT PERSON..COMMUNICATE REALLY GREAT WITH ME,,ACTUALLY ALL OF U ....I CAN EMAIL OR CALL .U ALL ALWAYS REPLY TO ME....."

    Tonya C.
  • "I was very pleased with work of Nowack & Olson, and way you guide me through all process of bankruptcy and loan modification. I received good care and was informed on every step of it. Thank You very much. You save my life!"

    Kasia D.
  • "Just wanted to thank you again for helping my wife and family through a tough time. We are finally starting to get back on our feet and building back our nest egg. We have stabilized our income again, and see the light at the end of the tunnel. I remember one of your tag lines was helping good people through bad times... That always rang true with us....."

    Peter R.
  • "After a rather distasteful experience with a Foreclosure Attorney I was apprehensive to say the least to hire an Attorney to handle our Bankruptcy. After some internet searches and research I found Christian Olsen, and after our initial consultation my wife and I retained his services....."

    Bobby and Tanya
  • "I am a teacher who reaped the rewards of a profitable side business until shortly after the recession. I struggled to keep my business afloat until I finally threw in the towel. Between personal and business debt, I was suffocating in bills....."

    Richard C.
Read More Testimonials

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.