Back to School Blues

Financial stress is painful all year long, but especially at times that are supposed to be joyous occasions. Even though your children’s expectations of material comforts are probably less than you think they are, every free candy cane in a basket in front of a bank teller’s booth reminds you of the Christmas presents that you cannot afford to get for your kids; it is cold comfort that they will rejoice as much in the surprise candy canes that you got free of charge while trying unsuccessfully to open a bank account as they would in a video game console or ATV. Likewise, the weeks leading up to the beginning of the school year are a barrage of advertisements for tax-free clothing. These advertisements only add insult to injury. They make you feel like the only thing stopping other people from being able to afford to buy new clothes is the sales tax. Your financial problems run deeper than that, though, and the back-to-school expenses are just the icing on the cake. If you are ready to address your debts, so you can free up mental energy to help your children have a successful school year, contact a Boca Raton debt lawyer.

When Paying Sales Tax on School Clothes Is the Least of Your Worries

Some people feel pleased with themselves when they buy school clothes for less than those clothes would normally cost, but for you, buying new clothes under any circumstances is out of the question, and it has been for several school years. Your children only get new clothes if relatives give them to you as gifts. You might turn to buy nothing groups to find clothes and school supplies for school, but there is no guarantee that you will find anything.

There Is Still Time to Address Your Debts Before the School Bell Rings

Kids pick up on more aspects of our adult world than we realize, and even though your children might not know the details of your financial situation, they can tell that you are worried about money. Therefore, if you can find a solution to your financial quagmire, it will be as much of a relief for your children as it is for you. For example, if you file for bankruptcy protection now, you can discharge your eligible debts by winter break, making this coming holiday season less bleak than the previous one. Most people who file for chapter 7 bankruptcy can discharge their debts without liquidating any of their assets. If filing for bankruptcy feels like too desperate a move, you might be able to find relief by consolidating your debt. The amount you can expect to pay for a debt consolidation loan, as well as the amount you can borrow, depends on your credit history.

Work With a Debt Lawyer About Coping With Your Debt Before School Resumes

A South Florida debt lawyer can help you consolidate or settle your debts or file for bankruptcy protection before summer vacation ends.  Contact Nowack & Olson, PLLC in Boca Raton, Florida to discuss your case.

Source:

forbes.com/advisor/personal-finance/back-to-school-shopping-how-to-save-lmandp5/