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Submitted by the Bond & Botes Law Offices - Wednesday, January 21, 2026
As we enter 2026, many families across Alabama and Mississippi are feeling financial pressure from multiple directions at once. Post-holiday expenses, rising everyday costs, and student loan obligations coming due have left many households wondering how everything will fit into their budget.
A new year should feel like a reset — not another source of stress. If January feels heavier than expected, you’re not alone.
At Bond & Botes Law Offices, we’re seeing responsible families face financial strain they never anticipated. This page explains why January is often so difficult financially — and how understanding your options can be the first step toward relief.
In this video, Mary shares why January is such a stressful financial month for many families and what steps can help bring clarity during this transition.
January often brings financial reality into sharp focus. After the holidays, households may be dealing with:
- Higher credit card balances
- Increased minimum payments
- Student loan payments coming due
- Creditors calling or sending notices
Mary encourages families to start by understanding where their money is going. Creating a household budget — even a simple one — can help track spending and identify where pressure is coming from.
If you’re struggling to make ends meet, experiencing high interest rates, rising balances, or creditor harassment, it’s important to know you don’t have to face that stress alone.
While federally backed student loans generally cannot be eliminated through bankruptcy, bankruptcy may help pause or reduce pressure from other debts — such as credit cards, medical bills, and personal loans — allowing families time and space to regain control.
A free consultation with an experienced bankruptcy attorney can help you understand your options and determine the best path forward for your situation.
Why Holiday Spending Makes January So Difficult
Nationwide data shows that holiday spending increased across most states in 2025, and many families entered 2026 carrying more debt than planned.
We hear the same phrase every January:
“We didn’t plan to overspend. It just happened.”
Between gifts, food, travel, children’s activities, and rising everyday expenses, even financially responsible households can start the year feeling overwhelmed.
Common concerns include:
- Maxed-out credit cards
- Multiple buy-now-pay-later obligations
- Higher minimum payments due to interest rate increases
- Unexpected medical or vehicle expenses
Feeling overwhelmed is common — and solvable. Bankruptcy exists to provide a legal reset and a structured path forward for families who need relief.
We’re Here to Help You Understand Your Options
If January feels financially overwhelming, remember:
- There is no judgment
- There is no pressure
- There are answers
Bond & Botes Law Offices offers free, confidential consultations to help families understand their financial options and regain peace of mind.
A conversation can provide clarity, reassurance, and a realistic path forward.
This post is intended for general information only and does not constitute legal advice. To discuss your specific situation, we encourage you to schedule a confidential consultation with an attorney.
