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



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

Finance Blogs
best blogs