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According to a 2008 survey by the American Payroll Association, 71 percent of American workers are living paycheck to paycheck. If you are one of the many who live paycheck to paycheck, or if you have fallen behind, here are some tips that can help you get back on track: Develop a Budget It seems like a no-brainer, however developing a budget is fundamental to reaching your financial goals. Many people find themselves in debt not out of blatant mismanagement, but because they lack a plan. By creating a budget that accounts for every spending category and dollar that you spend each month, you can see where your money is actually going. By sticking to the budget, you can regain control and be sure that you financial plans are being fulfilled. Automatic Deduction Automatic deduction is a helpful way to stick to your budget is by allowing them to be paid directly from a checking account. By setting up automatic deduction, you can be sure that your bills are paid on time and in full. Cut Excess Expenditures Trips to the coffee shop and vending machines might seem harmless, but the expenditures add up. If you are living paycheck to paycheck, it is important to streamline your budget in any way possible, and one of the easiest ways to do that is by cutting out any excess expenditures that pop up through the month. Pinpoint where these expenditures occur and either budget for them, reduce them, or eliminate them completely. Call Creditors and Negotiate a New Payment Plan If you find yourself falling behind on payments to your creditors, it can never hurt to give them a call and negotiate a new agreement. Your creditors would rather get some money than none at all. By taking the initiative to contact them, you may even win some favor in their eyes. Be Wary of Credit Scams By searching the Internet, you would think that getting out of debt is no big deal. After all, there are a million quick and easy ways to get out of debt through debt management, debt settlement, credit counseling, or some other solution. While some of these solutions can be helpful, some are no more than petty scams. Be wary of solutions that require you to pay money upfront and sound too good to be true. They probably are. Find out if Bankruptcy is Right for You Some people may be too deep in debt for any of the above solutions to realistically work for them. That’s when bankruptcy is a good option. If you are seriously considering bankruptcy and you live in Southern California, contact the firm that focuses exclusively on California bankruptcy laws, Borowitz and Clark L.L.P. Not all bankruptcy attorneys are the same. While the process appears complicated, a California bankruptcy attorney will be able to help you understand your options and avoid making bad decisions. You get one chance to file bankruptcy right the first time. The attorneys at Borowitz & Clark know what they’re doing, because bankruptcy is all they do. Unlike many firms, they never leave a paralegal or secretary in charge of a case. That’s why their cases succeed at such a high rate—even higher than many other bankruptcy firms. For a free consultation, contact a qualified California bankruptcy attorney from Borowitz and Clark toll-free at 800-509-3200, or visit www.blclaw.com.

Brian Reed. California bankruptcy When it comes to filing for bankruptcy in California, the attorneys at Borowitz and Clark know what they are doing and know how to do it right the first time.