Spend sometime going through your closets, drawers and toy boxes before holiday. Take gently used items that you no longer love and share them with those who will by donating them to charitable organizations. Donate these items prior to end of year so that you can get tax deduction. Throw out broken toys or well-worn clothing. If you are unsure about an item, place it in a box to put away and mark box with date. Mark on your calendar when to go through box again (6 months? One year?). If you haven’t needed it during that time, donate it. All this effort before holiday arrives will help you keep that holiday cheer going a little longer after excitement dies down and you get organized for new year.

Make a list and check it twice

For many years, my family has made wish lists that we exchange with each other. Often when I tell people that, they think it is very greedy on our part or that we are taking fun out of holiday. Actually I believe it is very practical and allows everyone to enjoy season a little more! There are certain people I will always exchange gifts with. With a list, they can be more focused with their time and enjoy shopping, which can be a gift in itself during this hectic season. I will get something I won’t have to consider returning or not know what to do with and they will get to see me enjoy their gift.

Bankruptcy to layman might mean only complete debt and a cash strap, but to financial dealers it means solution too. It is such a paradox to have both disease and medicine by same name.

Every body at some point of time are in debt . Then they take loans and sign a deal but when terms are breached due to inability to pay , one becomes bankrupt. This condition needs to be declared formally . Prior to declaration legal counsel is a must. This declaration can be made by two parties: •The debtor himself i.e. Voluntary Bankruptcy •The creditor or lender i.e. Involuntary Bankruptcy When condition is officially declared only then can one avail of any Bankruptcy scheme .The legal process is cut out to suit different people and helps one eliminate debts or repay them.This is available in a number of ways:

By formulation of a new repayment plan By reducing percentage for payment By availing of a short delay to regroup resources These options need be properly studied and clubbed with an experts views, before deciding .