For a significant percentage of Americans, budgeting is necessary to ensure there's enough money left over after payday to pay the mortgage or rent and buy food and other necessities. According to Bankrate.com, approximately 62 percent of Americans live paycheck to paycheck. This makes sticking to one's budget very important and also can spell major financial trouble in cases where an individual must come up with hundreds or thousands of dollars to pay for emergency medical, home or car repairs.
She was referred by another attorney and also by a former client. Her husband recently passed away, and she discovered that he had not paid either their mortgage or their home equity loan for two years. Even worse, he had secretly taken $65,000 more on the home equity loan than she had been aware of.I concluded that a Chapter 13 bankruptcy would not be the best solution, because she would have to pay the arrears over only five years: something she could not afford to do. Instead, we recommended working on mortgage modifications, leaving the Chapter 13 case as a "safety net" should one or both mortgage modification efforts fail.
Every year around the country and in states like New York, students of all ages make the decision to attend or go back to college to earn a degree to better their lives. A college degree has long been revered as the golden ticket to a higher paying job and financial security.