• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.

Start Your $1,000 Emergency Fund

An excerpt from Life After Bankruptcy by Seth Hanson

We all know the importance of saving. But many of us don’t actually do it. The savings rate in the United States is at the lowest level in decades.

Saving money can seem overwhelming if we think we have to start out with a very large amount. Most financial advisors recommend having at least 3 to 6 months of living expenses in savings. That may seem like an impossible task.
Instead of being overwhelmed by that daunting task, I recommend you start by saving $1,000 for emergencies. That amount would cover most emergency needs; appliance replacement or repair, car repairs, medical expenses, damage to your home due to a storm, etc.

Even if you don’t have any money saved right now, you could probably set aside $1,000 in just a few months. Once you have this Emergency Fund established, you will probably have eliminated the number one reason people feel they need the “safety blanket” provided by a credit card. People tell me all the time that they need a credit card for emergencies. Once you have your Emergency Fund, you will have created your own safety blanket and won’t have to rely on the mercy of the credit card companies.

Sooner or later you will have occasion to ask yourself – what constitutes an “emergency?” Let’s take a look at a few examples:

  1. You’re driving to work one day, and your exhaust pipe falls down, and onto the road. Emergency? Some would say, no. Emergencies are for things that are unexpected. If you’re maintaining your automobile, you’d be aware of this part being “iffy.” Same with tires, scheduled service, etc. This should be dealt with in your sinking fund budget for auto repairs (covered later in this book).
  2. You just finished grocery shopping, and you notice that someone slammed into the driver’s door of your car, making it impossible to get in and out of the car. Emergency? Most would agree, yes! This is an UNEXPECTED event; one that you couldn’t predict.
  3. One of your children accidentally busts a neighbor’s window? Emergency? Kind of. You should fix the neighbor’s window immediately, but your child should take up some work around the house, or around the neighborhood, to repay your family’s Emergency Fund. In other words, don’t use this money often, and when you do, replenish it as quickly as possible.

If $1,000 seems overwhelming, don’t panic. Take it one step at a time. Maybe start with $100 this week. Then another $100 from your next paycheck and so on. Try to get to that $1,000 within the next few months.

Another way to build your Emergency Fund is to turn your clutter into cash! If you don’t need it, sell it. If you haven’t looked at it in several months, sell it! If you don’t even remember you had it until you went through all your clutter, sell it! Have a garage sale, or utilize many of the online selling platforms. Not only will you relieve yourself of clutter around the house, you’ll be adding to your Emergency Fund.

For more information contact your Fairfield bankruptcy attorney.

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