Simple Solutions To Financial Freedom

How Financial Fears Have Changed

by | Mar 12, 2021 | Firm News |

discussing finances

Since the beginning of time, we have held money up as the be-all and end-all of importance in our lives. Before there were dollars and cents, we used gold or beads or animal hides to trade for necessary goods. If we had a need, we knew that we would have to offer up something in payment. Rarely are life’s necessities offered for free.

That importance of money has a hand-in-glove connection to the fear of not having enough money to meet our most basic needs. As we amassed more money, those basic needs grew to include things we like and eventually, those things we want became viewed as needs. How often has your teenager moaned that while they know what they NEED is a new pair of shoes, what they MUST HAVE are Adidas Yeezy brand shoes.

The stress of managing the wants and needs of our family versus the amount of money actually coming into our bank account can lead to health problems that cause additional healthcare expenses. And now, as we approach the one year anniversary of the Covid lockdown and unemployment is still high and businesses are still struggling, that stress is wearing us down.

It used to be that when we would talk to clients who were struggling to manage their financial picture; their biggest fear was having enough money to retire at a reasonable age. However, those fears have not only changed in the last year, but they have also become more urgent.

There are many industries that have yet to recover, and as those businesses struggle so do their owners’ ability to employ and pay reasonable wages. Today, Americans worry, not just about keeping or having a job, but also managing with reduced hours, paying for rent and utilities. During this last year, we have learned a new word:


Take the politic spin off that phrase and call it what it is – many Americans today are just plain hungry and they don’t know where their next meal is coming from.

These are the fears that plague so many people today. To survive, people have begun to rely on their credit cards which, with high interest rates, only add to the ultimate problem. The simple money advice of spending less than you make is hard to follow when what you make has been reduced and yet your needs are constant.

During this challenging year, we met with people struggling to pay down their debt and create a manageable financial plan. While filing bankruptcy is one option it isn’t necessarily the only answer. At Bankruptcy Advocates, we have helped many clients with their financial circumstances.  Give us a call first. We offer a free initial consultation so that people who are struggling can share their current circumstance and we can offer a few ideas to help get them back on a firm financial footing.

While the Covid numbers are decreasing and the number of people who have been vaccinated continues to rise, we do still offer virtual meetings for those who would rather not come into our office. Give us a call. Don’t spend another sleepless night worrying about how you can cope with your debt. We have decades of experience and are here to help.


Southern Illinois Bankruptcy Attorney law firm, Bankruptcy Advocates is proud to state that by Act of Congress, we have been designated a Debt Relief Agency.

We are located in Carbondale and serve a wide geographic community including Carbondale, Murphysboro, Marion, West Frankfort, Johnston City, Benton, Herrin, DuQuoin, and Pickneyville. We are a debt relief agency. Our southern Illinois bankruptcy attorneys help people file for relief under the Bankruptcy Code. Give us a call at 618-549-9800 or email us at [email protected]  to speak about your case or legal matter. Convenient appointment times are available.