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



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

Finance Blogs
best blogs