3069: How To Budget After Bankruptcy by Kalen Bruce of Money Mini Blog on Frugality

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 11 March 2025

⏱️ 11 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3069: Rebuilding your finances after bankruptcy is challenging, but it’s also an opportunity for a fresh start. Kalen Bruce outlines practical steps to regain control, from tracking expenses and cutting non-essential spending to leveraging budgeting tools and creating a sustainable financial plan. By taking a proactive approach, you can turn past financial struggles into a foundation for long-term stability. Read along with the original article(s) here: https://moneyminiblog.com/budgeting/budget-after-bankruptcy/ Quotes to ponder: "Once your debts have been forgiven, you need to make sure you don’t fall back into debt." "If there is any practice that can answer the question of how to rebuild finances after bankruptcy, it is budgeting." "Look at your financial situation as a positive, clean slate, rather than feeling sorry over your previous financial failings." Episode references: FI Healthcare: https://fihealthcare.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.9	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:30.7	This is Optimal Finance Daily.
0:36.7	How to Budget After Bankruptcy by Kailen Bruce of Moneyminiblog.com.
0:42.4	It's hard enough to declare bankruptcy, but it can be an even longer journey to rebuilding financial sustainability.
0:51.5	The question of surviving bankruptcy is a very big one for anyone who has ever had to
0:56.7	declare bankruptcy. The bigger question, once you've survived, is how to fix your finances after
1:03.1	bankruptcy. It's important to be able to answer both questions so that you can get your financial
1:08.8	life back in order. Knowing how to file for bankruptcy is difficult, but legal help can simplify the process.
1:16.6	Once that's finished, you need to fix your finances so that it doesn't happen again.
1:21.6	This article will answer the question of how to rebuild finances after bankruptcy. Citing practical examples, we will
1:29.8	guide anyone through not only how to survive bankruptcy, but also how to rebuild finances right
1:35.9	after you filed for bankruptcy. Get your life back on track with these post-bankruptcy budgeting tips.
1:43.7	Track your expenses.
1:45.8	Once your debts have been forgiven, you need to make sure you don't fall back into debt.
1:50.9	Start by taking the time to track your expenses.
1:54.2	For a month or thereabout, you should write out every dime you spend on everything and anything.
2:00.8	If you intend to fix your financial situation, you should not cheat on this exercise.
2:05.7	Once you find out how you spend money when you don't have a budget, you'll have a clue
	...

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