how can savings be increased
They can - if a court orders that any savings you have is to be used to pay off your debts !
To increase your 6-month savings, you can implement strategies such as creating a budget, cutting unnecessary expenses, setting specific savings goals, automating your savings, and considering additional sources of income like a side hustle.
Provides more funds for investment
True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.
To get rid of debts, you have to assess first your present financial capability. You have to make sure that you can pay all of your debts. If your resources are limited, then I suggest that you work harder to be able to earn more and pay off those debts of yours. But if you really want to settle your debt right away, contact Total Debt Services and let them help you with your financial situation. They can help you negotiate with your creditors about the terms and conditions of your debts with them (creditors), and adjust the payment terms to become more manageable for you. There's really no fast way to get rid of debts, you really have to work on it. Regarding Total Debt Services, here's their website:http://www.totaldebtservices.com. . :)
They can - if a court orders that any savings you have is to be used to pay off your debts !
Debit Bad Debts Credit Provisions for Bad Debts
Create a list of your debts. Pay off the small ones first, then get rid of your larger debts.
Don't use that company or store
You need to include all of your debts in the bankruptcy.
He had to increase his savings after he lost his job
To increase your 6-month savings, you can implement strategies such as creating a budget, cutting unnecessary expenses, setting specific savings goals, automating your savings, and considering additional sources of income like a side hustle.
Savings.
Savings
Provides more funds for investment
Savings.
save more.