SOURCE: Oswalt Law Group

Oswalt Law Group

December 18, 2015 09:30 ET

Oswalt Law Group Discusses Holiday Spending

Oswalt Law Group Is a Firm of Bankruptcy Attorneys Dedicated Not Only to Helping Clients Achieve Freedom From Debt but Also to Managing Their Finances Successfully; Now, the Attorneys at This Law Firm Are Offering Advice on How to Control Holiday Spending

PHOENIX, ARIZONA--(Marketwired - December 18, 2015) -  The holidays are the time of year that people are most likely to overspend, according to the bankruptcy attorneys at Oswalt Law Group in Phoenix. "Overspending is a habit that is easier to keep under control when there are no expectations for nice gifts," notes one attorney. "However, at the holidays, families, particularly those with children, often expect expensive presents, and this can easily lead to overspending on credit cards."

According to the bankruptcy attorneys at Oswalt Law Group, it is very easy to overspend when shopping for others if the spender does not have a carefully crafted budget for gifts. "One of the best ways to avoid overspending is to make up a list of every person who will receive any type of gift, no matter how small. Assign each person an amount, then browse the Internet for gifts in that price range. Most shopping websites give users the ability to filter results by price; use those filters to find gifts in that price range. Even if you decide to buy the gifts at the store, you now have a ready-made shopping plan that will allow you to control your holiday spending."

The attorneys at Oswalt Law Group also advise clients who are considering bankruptcy to re-evaluate their holiday spending plans for feasibility. "It is disappointing to be unable to buy the expensive gifts you really want to give, but it is better to avoid overspending when you are considering bankruptcy. The courts look at how much you spend in the six months or so prior to filing your bankruptcy case, so it is important not to give the impression that you are running your credit cards up to the limit before filing. In some cases, the court can refuse your petition for protection under bankruptcy law."

For more information on bankruptcy and how it can help you obtain a fresh financial start, call the attorneys at Oswalt Law Group in Phoenix today.

About Oswalt Law Group: Oswalt Law Group is a bankruptcy firm in Phoenix, Arizona, that offers clients help in discharging their debts and managing their finances through the power of bankruptcy protection.

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