Having bankruptcy can become a nightmare for many people. In business, this will be a hard time, but surely this is not the end. It is more about how people see opportunities that may appear after the disaster. In this case, you should not consider bankruptcy as the disaster or nightmare, but it is better to see it as a fresh start of your better journey in financial management. It is true that the condition is hard, but at least you know that you never want to be in the same condition again in the future. In this case, there are some tips to live debt free and gain freedom after bankruptcy.
Use Your Cash
The first point is to use your cash. It is true that may not be convenient. Some people may also think that it is so old-fashioned way of using money. Moreover, now there are many ways to use cashless methods for payment. However, using cash also has its own benefits. At least, you will be able to cut your expenses when you use cash. In many conditions, of course, you can only bring limited numbers of cash on your pockets and wallets. Thus, you will be more careful to spend your money. Somehow, using the cash makes you more calculative so you are able to become a better spender with this method.
Focus on Your Budget Plan
Having a clear budget plan and management is very important. After you have a bankruptcy, you surely will be more careful in using your money. That is why it is good to make a good budget plan and list all your important expenses. Your goal is to stick to the plan, and you need to manage the expense well. When your money and income can cover the important expense on the list, then it is good. It is better when you are able to get some savings. In case your income cannot cover the whole expenses, it means that you need to recalculate the details or even you need to find ways to increase your income. When you can stick to the plan, it will not be too difficult to be free from bankruptcy.