Category Archives: Saving

Can You Save Money in Chicago or is Bankruptcy an Option?

For people mired in debt, saving money sounds like an impossible goal. But a recent study found that keeping things simple and saving for one specific goal may be effective, reports MSNBC.com. As Chicago bankruptcy lawyers reported recently, 1 in 4 consumers don’t have any emergency savings and couldn’t afford a $1,000 repair in a… Read More »

College Savings Takes a Hit in Weakening Chicago Economy

A savings account may be a luxury for many people trying to save money for their future, but for many Chicago families, saving money isn’t as feasible as it once was. With the economy struggling to recover and people dealing with job loss, high-interest loans and credit cards that have kept them buried in debt,… Read More »

1 out of 4 Chicago Consumers Have No Emergency Savings Plan

A recent poll by the financial data publisher Bankrate.com indicates that 24 percent of American consumers have no emergency savings, The Associated Press reports. It’s not an entirely shocking statistic, but it is concerning. Those without savings are flying by the seat of their pants, especially in this rocky economic climate because job loss is… Read More »

Georgians Savings Rate Increases as Credit Card Debt Falls, Possibly Due to Bankruptcy Filings

The Marietta Daily Journal reports that a recent study found that Georgia residents are putting more money into their personal savings and spending less on credit cards. This is great news for Georgia consumers saddled with increasing personal debt. Atlanta Bankruptcy Lawyers believe that perhaps the many people who have recently filed for bankruptcy in… Read More »

Chicago Consumer Spending Is On the Rise – Or Is It?

Consumer spending in February increased at the quickest rate in four months, the first time the economy has showed signs of life in some time. But as it turns out, most of the spending was on one thing – gas. With gas prices hitting new highs of $4 a gallon in some cities, economic indicators… Read More »