When monthly bills pile up how do you ease the financial pressure to pay your bills?
When you have more month at the end of your money what do you do to make ends meet?
I recently ran into a situation where I was unable to pay some of my monthly bills on time and I had to get real creative to make ends meet last month.
One of the main ways I was able to avoid late payments or fees was I scheduled payments for a later date which sometimes can incur a late fee but most utilities honor your commitment to make your payment. A lot of companies know that sometimes people are going to have to delay payments due to a financial emergency and PG&E even offers a split pay option.
What is most important is that you find a way to either eliminate some expenses so you can pay all your bills on time or you create another source of income.
Here are Six ways to help you set a budget and keep it and prioritize what is really important.
- Create a budget for what you are currently spending and categorize each area.
- Make a list of the expenses that are non-negotiable like rent, food, gasoline, gas, and electricity.
- Make yourself accountable to a friend or loved to stick to your budget.
- Get financial coaching, like Dave Ramsey’s Financial Peace University
- Get a second job or start a home business on the side.
- Don’t let your current situation define you or your future.
We are all susceptible to financial difficulties at some time in our lives but what really matters is that we stay true to create a plan that works for everyone, our families our debtors and know that there is always some who will support you in getting back on your feet by asking them for advice.
If you would like some free budgeting tools and debt reduction tools you can find them at https://www.daveramsey.com/tools
Share you financial comeback story with us we would love to hear it.