While filing bankruptcy in the first place may not have been because you spent too much, saving money after filing is perhaps the best decision you can make. While it may seem obvious that overspending after a bankruptcy is unwise, many make the mistake of falling into old buying habits with clean credit cards and more cash.
You may have some trouble getting a loan or credit card. It takes time to rebuild credit after bankruptcy. But it can definitely be done and you can start buying soon enough. The only problem is that some take this to the extreme. Saving money is the answer. This article says saving money can be a challenge, but it’s one you have to take.
Don’t Make the Same Mistake…
What got you into the problem that caused you to file for bankruptcy? In other words, what did you spend money on, what medical bills did you get, what interest rates did you face, and what bills did you struggle with? Sometimes it’s not your fault you file