Blog – The Law Office of Carol A. Lawson

Pinellas County Teachers and Staff

Pinellas County Schools Teachers and staff did you know that if you participate in the MetLife Legal Plan through Hyatt Legal – you can...

Hurricane Preparation

 Take Pictures and Video of Everything For insurance claim purposes, having photo or video evidence of your house prior to a storm is extremely...
www.carollawsonpa.com

HOW WILL YOUR BANKRUPTCY AFFECT YOU PERSONAL INJURY CASE?

How will Bankruptcy affect your Personal injury case? This greatly depends on which occurred first, and which chapter of bankruptcy you are in. Is...

July Specials- Chapter 7 $795

Chapter 7- $795 excludes filing fee includes personal property appraisal and credit report. Chapter 13 -$1,500 down balance through plan capped at $4,500 plus...

How to Save $1000

According to recent research, almost one-half of Americans live paycheck to paycheck  62% of Americans have no emergency funds.  Most  Americans waste 10-15% of...

Chapter 13- MEANS TEST

Chapter 13 is a section of the Bankruptcy Code which allows individuals who are in financial difficulty to pay their creditors over time, while...

FLORIDA EXEMPTION STATUTES

One of the most common questions I receive are what exemptions are available to me in Florida under bankruptcy.   I have  included a list...

How Long Does it Stay on My Credit?

The Answer is  usually 7-10 years. A Break down by account types is below: Collection Accounts – Are required to be removed 7 years from...

Medicaid Planning? Why You Need An Irrevocable Trust

The Medicaid asset limit for a nursing home resident covered by Medicaid is no more than $2,000 in “countable” assets.  An irrevocable trust will...

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How to Shelter Assets from Nursing Home Care Costs

Give monetary gifts to your loved ones before you get sick. Hire an attorney to draft a “life estate” for your real estate,… Place...
www.carollawsonpa.com

How to Save $1000

According to recent research, almost one-half of Americans live paycheck to paycheck  62% of Americans have no emergency funds.  Most  Americans waste 10-15% of their income on non-essential items. Here are some tips to create a small next egg.

1. Pay Attention to Your Spending

Pay attention to your spending. Many of us spend money without really registering what we’re doing. Track all of your spending for at least a month to see where the money is going. Track every dollar. When you swipe your credit card, save the receipt and write down each thing you spent money on. When you pay cash save the receipts. See where your money is going.

2. Set Aside a Small Amount to Start

Most of us need to work up to making long-lasting changes in our lives. You can do this as you move toward saving your$1,000. Break down your goal into bite-sized and manageable chunks. When you feel strapped for cash, it feels impossible to set aside $200 a month for savings. Instead break it down into something easier. Saving $200 a month is the same as setting aside $7.14 per day- no Starbucks and you meet your goal.

3. Make it Automatic

Make your savings automatic. Have a set amount taken out of your checking account each month and transferred to your savings account. There are tools, like Digit.co, that will analyze your patterns and figure out how much you can afford to save on a daily basis and transfer the money for you. Good Luck!

Carol A. Lawson, Esq., 28870 U.S. Hwy19 #300, Hodusa Towers, Clearwater, FL 33761             Phone: (727) 410-2705;   email: calh@gate.net