Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles

Debt Management Tips - How To Regain Control Over All of Your Finances!

You do not have to be a slave to your finances or any debt that you might be in. If you are struggling with your bills you need to understand that you can learn to regain control over your finances which will make it easier for you to stretch your paycheck out and will help alleviate some of the stress caused from feeling like you are out of control. The best thing that you can do to regain your control is to become more organized and make yourself sit down and set up a budget.

The first thing you need to do is to make out a budget sheet. There is nothing worse than not knowing exactly where all of your money is going. If you don't know where it's going, how are you going to be able to be in control? You won't. So open up an Excel sheet and start putting down every single one of your bills and make sure to arrange them in order of when they are due. Also remember you can pay some of your bills up to two weeks late before you get charged any kind of late fees, however, as for credit cards, never do this, always pay them on or before their due dates. Once you have all of your bills on your budget sheet then figure out which paycheck will pay which bills and during what time of the month.

Once you have finished that, if you have money left over then you need to include this in your budget sheet. You should take a certain amount from this money left over and allocate it for your gas, your groceries and for other personal items you need during the month.

If you have any money left for extra spending this is the money that you should take out of your paycheck as cash. By having this cash on you and telling yourself once it's gone, it's gone will help you to stop from going over your budget. You will simply need to wait for your next paycheck for any spending cash. This also cuts down on any mistakes in your checkbook.

Take all of your loose change and put it in a piggy bank or a jar. If you give it a chance, you will discover that loose change can build up really quickly and this money can be used for emergencies or for any other kind of unexpected expense.

When paying on your credit cards remember to always pay more than what they say is the minimum payment due. This way you will be paying off on the interest as well and they will bet getting less interest out of you over the long term. Even if it's just $5 over the minimum is going to help immensely.

Make sure that you make a grocery list every time you go to the store, you are going to spend less. If you go without a list it makes it far too easy to spend more and then you will be going over your budget. So always take a list and stick with it.

You should also try and plan your meals out for an entire week and then write down all of the ingredients you are going to need to make these meals. Add up everything and if there is any extra money left from your grocery budget then you can allow yourself to treat yourself to something special from the grocery store.

After you have regained control of your finances you might want to consider setting up a savings account. This way you can take any or some of your extra money and put it away in your savings account right from your paycheck. Doing it this way will make it less tempting for you to avoid putting it in the account and spending it instead. This is a great way for you to sock some money away for a vacation that you might like to be able to take in the near future.

Kacie Dobrin commented on 05-Feb-2016 02:25 PM
hi great post

Post a Comment

Captcha Image

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

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

Finance Blogs
best blogs