Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles



Drowning Under Bills? Get You Finances Under Control With These Tips!


Are you feeling like you are drowning under all of the bills that you have like your credit cards, your car loan, house payment and a variety of other things that you simply didn't think would get you to where you find yourself right now? Most people do have some sort of debts but there are those though that feel that they are so overwhelmed by it that they might have to consider bankruptcy or debt consolidation because there is nothing else they can do. Before doing that, you should try and get your finances back in order on your own if you can.

First thing you need to do is to sit down and assess your financial situation. You need to face your debt problem head on. Sure you are aware of how much you pay each month on each bill but have you sat down and added up all of the total balances that you owe? If not, then you need to do so. As daunting of a task you think this might be, you need to take all of your debts and add each and ever one of them together to see just how much your really owe all of the creditors out there.

Now that you have the grand total of what you owe everyone, you are going to need to set up a budget. This is going to help you figure out whether or not you are going to be able to afford to repay everything that you owe. So the first thing you will need to do is to keep track of every thing that you spend. You not only need to have the total for debts owed but other spending as well and this should include your utilities, your insurance, how much is spent of food, etc. After you have all of this, add it to your debt total and then subtract that total for the total amount of money that you make each month. This is going to show you how much money you have left, if any after you pay all of these debts and bills. If it turns out that you are spending more than you make you are going to have to come up with a quick solution to solve this problem.

If it turns out that you are spending more than you earn each month then you are going to have to try to figure out what expenses you can cut down on or get rid of altogether. For instance, do you really need that cable bill? Not if you are in the negative each month, so get rid of it. If you can't get rid of your Internet, you should at least downgrade to a slower service in order to save money. Stop going out to eat as much or just stop altogether until you have your finances in check. Anything you can do to save money is going to help.

Try to figure out a way to earn more money. You might want to consider looking into getting yourself a part time job. Even just a few hours a week is going to work wonders on you ability to pay your bills and get caught up on them. However, when you do look for a part time job, make sure that it is one that is close to home so that you don't waste money on gas.

Make a list of all of your debts and make sure that the debt you owe the most on and has the highest interest rate is the one that you put at the top of your list. Then pay just the minimum amount required on all of your bills and combine the money you save by doing that with the extra income that you are getting from the part time job and use that to pay on that one bill at the top of your list. The sooner you get rid of that one, the better off all of your finances are going to be.



Comments
Post has no comments.
Post a Comment




Captcha Image






BLOG TAG CLOUD
lose your job home debts debt collectors credit scores installment plan purchases good credit rating unexpected expenses initial research monthly budget assets losing your job monthly payment negotiation your rights spending home equity loans savings credit history bank extra money savings account back support interest rate debt problems credit company control spending flat broke pay off bill building debts great budget child spending debt settlement borrower utility payments government assistance debt programs interest rates checking account credit bureaus credit card companies child support payment frequency understanding Consolidation Company negotiate live your life part time job order report spend money debt traps total balance account interest payday loan cancer installment plans debt management ongoing bills tax info past bad debt budget categories debt doctors borrowing financial security less money creditors classify bills account fees discounts credit limit debt relief agency interest handling money losing a job repay loans debt collector help credit cards personal finance own money bad debt financial education careful handling understanding home equity cash card loan amount need money loan whole family credit line introductory offers court appearance debt management mistakes children budget payday loan companies personal finances saving borrow money implement a budget management advice new job overspending specific budget categories school jobs restrict spending invest money credit card debt get out of debt unsecured loan paying bills child support debt loan agents original creditor overbearing bills good debt income credit card seperate accounts more income budget sheet low interest tracking money software credit score comfortable living credit card company paying out debt credit card traps charitable organisation gambling problem security investing expenses fly-by-night unemployed home equity loss of income live within means bad financial decisions repayment plans Chapter 13 household items job loss making payments debt company illness deb consolidation save money deals in writing good budget account charges pay off debt gambling debts rebuild good credit bankruptcy stop harassment debt free debt solution loan companies debt collection agency telephone bills mortgage payments honesty teaching children finance insurance help with debt checks debt management tips medical bills modified payment plan monthly bill injury social services reduce debts debit card saving money domestic support prioritizing debt payment period bad debt management piling debts become free rent payments loans credit companies debts professional family budget groceries repay unreasonable expectations credit report car loan money phone calls cable bill younger children debt management advice worksheet lending company chapter 7 filing bankruptcy lending companies extra payments legal action hospital full details debt consolidation medical debt candidate down payment asset info consumer lawyer short sale receipt purchase protection managing debt monthly payments finances great budget ideas medical bill paycheck mortgages management program good credit debt consolidation loans credit checks credit repair interest payments paycheck info house loan cash credit common debt traps credit accounts learning experience credit reports hobbies secured loan salary second job children saving buying a house help insurances budgeting ill health good credit record visualization overcharging emergency savings account debt consolidation liability high interest rate bills allowance sickness common debt take control of debt check card management tips loan harassment education credit rating trusted friends internet debt relief credit card help regain control payment behavior budget ideas bank accounts budget taking responsibility family assistance



Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
best blogs