Think about finances when planning your resolutions
Image Source: Flickr User Brett Jordan
The new year is off to a great start in Greensboro, North Carolina and that means working hard to keep your New Year’s resolutions. A survey done by GOBankingRates quizzed respondents in every state and then published the results. Those questioned were given six options to choose from related to health, finances, social life and life satisfaction. So what did North Carolinians choose? Read on to find out.
What did North Carolina residents choose as their top resolution?
The company asked residents of every state, “What are your 2016 resolutions?” They were allowed to choose more than one and were given these options:
- Save more, spend less
- Pay down debt
- Enjoy life to the fullest
- Live a healthier lifestyle
- Lose weight
- Spend more time with family and friends
- None of the above
Interestingly, across all states, “none of the above” was the choice of about 30% of those asked because they said they don’t make resolutions or they had a goal in mind that was not listed. For Greensboro, North Carolina – and other cities in the state – the top answer was - - enjoy life to the fullest. That was also the top answer across the board.
Here’s a look at the resolution breakdown:
- 45.7% Enjoy life to the fullest
- 41.1% Live a healthier lifestyle
- 39.6% Lose weight
- 33.2% Spend more time with family and friends
- 30.1% Save more, spend less
- 27.5% Pay down debt
2016 New Year’s resolutions play down debt issues
It’s interesting that financial goals placed far down at the bottom. Perhaps when people were surveyed in December they weren’t aware of how much debt they would accrue over the holidays! A December report showed holiday spending was up 8% compared to 2015 (as of 12/14/2015) with sales still rising. Most consumers hit their debt hangover in January.
We wrote recently about a study that showed that credit card debt was drastically on the rise and at a “dangerous” level. If you find that you’re maxed out on credit card and other debt after the holidays, you may want to put financial goals at the top of your New Year’s resolutions. The good news is, there’s always time to get your finances in better shape.
How bankruptcy can help Greensboro, North Carolina consumers get back on track
One holiday of overzealous spending won’t wreck your finances, but it could pile onto a pre-existing problem and shift your financial issues from not so good to out of control. If you’re maxed out on all your credit cards, struggling to pay bills, paying bills late, and only paying minimums on installments, that’s a problem.
Chapter 7 bankruptcy can wipe the slate clean on many unsecured debts including credit cards, medical bills and some delinquent taxes. Chapter 13 bankruptcy sets up a repayment plan so you can get caught up on missed payments for your car loan or mortgage and keep your asset. Depending on your income, debt and other factors, a reputable attorney can advise you what’s best.
Financial freedom and lack of money stress can lead to the fulfillment of Greensboro, North Carolina consumers’ top New Year’s resolution – to live life to the fullest. No one can really enjoy their life while being hounded by debt collectors and living paycheck to paycheck. Let us help. Contact the Law Offices of John T. Orcutt for a free North Carolina bankruptcy consultation.
We help Greensboro, North Carolina consumers get out of debt every day and can help you. Come see us at one of our convenient locations in Raleigh, Durham, Fayetteville, Wilson, Greensboro, Garner or Wilmington. Call +1-919-646-2654 today for a free consultation on getting out of debt and on a better financial path for 2016. Don’t wait – call now.