Happy New Year from Lee Legal! That Means Taking a Look at Your Budget.

Happy New Year from Lee Legal

Happy New Year from Lee Legal! Now is the perfect time to take a hard look at your budget.

On January 1, all of your numbers are zero. Your year-to-date income, fixed expenses, and discretionary spending are all zero.

Now is the time to make any changes to your budget for the New Year.Happy New Year from Lee Legal

Maximize your earning potential. Eliminate any wasteful consumption. Minimize your costliest liabilities.

You usually can’t change your “fixed expenses,” such as housing or vehicle payments. Sometimes, with a few tweaks, you can decrease your “variable” expenses, like utility payments, including electricity, gas, cable and internet, and mobile phone service.

The easiest or most difficult expenses to change (depending upon how you look at it) are your “discretionary” expenses, like buying gifts, eating out at restaurants, going to the theater, or ordering movies On Demand. Experiences like these are what make life worth living. But if you were able to save the money or apply it to your debt load, would it be worth it to say that this was the year you finally conquered your debt?

And speaking of achievements, why not set a few new goals for the New Year? Like paying off that credit card debt in full. Or setting aside a rainy-day fund in case of an emergency. Or jump-starting your retirement fund by maxing out your 401(k) or IRA withholding. Set a goal for yourself and try to get it done.

And now is the time to do it, on January 1st. Just thinking about adjusting your budget won’t do the job. You have to take action today.

Happy New Year from Lee Legal

We want to see you succeed. Our firm frequently reconnects with clients whose budgets we have helped turn around. Your success is our success. If we can help you, let us know!

About Brian V. Lee 390 Articles
Brian V. Lee provides bankruptcy, foreclosure defense, business turnaround, and litigation services to clients in the District of Columbia, Virginia, and Maryland. Brian was the Washington, D.C. state chair of the National Association of Consumer Bankruptcy Attorneys from 2016 to 2018.