11/9/2023 0 Comments Not enough money to pay billsFind a second job, do more overtime, start a side business. When all else fails, you can always make more money. Most of the time there are still things on the budget that can go if they are really honest about it, but let’s say for argument’s sake this is the case, and you don’t have any other cuts available. Often people will say they’ve cut as far as they can, and they still don’t have enough. Is it adding up any better? Can you make your income stretch all the way? Related: Commonly Forgotten Budget Expenses You’ll Want To Include Make sure you remember to include all the birthdays, holidays and other items. Often we forget to include common expenses that just seem to slip our minds. Do you have all the areas covered? Did you think of everything? Now that you’ve decided where and what to cut from your old budget it’s time to put in place your new budget. Related: 3 Killer Ways To Lower Your Electric Bill And Save All Year Long Track Spendingįor the next month, you’re going to track your spending every day to see where else you can make cuts.Īre you going to Dunkin’ Donuts every day before work? You’re probably spending upwards of $35 a week so you can cut that for sure.ĭo you notice a regular pattern of Saturday take out? Cut that too you can’t afford it.īetween the obvious and not so obvious, tracking allows you to see all the money your wasting and places you can chop away. No matter how you solve these issues you have to cut. When it comes to your children, maybe keep them in one activity and ask their grandparents if they would help pay the cost of this extracurricular activity until you’re back on your feet. I would hold a family meeting and get input into what’s going to be cut and what will stay. Of course, I wouldn’t blindside your family. You see, when getting out of debt, this is the hardest part – making cuts and decisions that fundamentally change the way your family operates. You’ve lived above your means for too long.ĭo you have an expensive cable package? Get rid of it because you can’t afford it.ĭo you have your kids in a million activities from dance classes to karate? I’m sorry to say, but you’ll have to cut those too. Right now you don’t have the money to cover all your bills so to change that we have to look at where your money is going and start making cuts. Now that we have the basics covered let’s talk about cutting your costs. There’s No Magic Bullet To Getting Out of Debt Start Cutting If you need a great budgeting tool to help you get this all down on paper, you can find one in the Free Resource Library.Ĩ Warning Signs You’re In Financial Trouble Use the money you make to cover any of the top three categories. You probably have more clothes in your closet than you could wear so vow to stop shopping and use what you have until it has holes in it and has to be thrown away.īetter yet, sell some of them via hosting a yard sale or on Facebook Marketplace. You have to get a handle on your money situation and once you’re back on your feet you can give back by making donations to the same pantry that helped you out when you needed it most.Ĭlothing – I am going to assume most of us have the clothing issue covered. I placed a food order with my church on more than one occasion when I was desperate and struggling. If you’re really struggling, consider finding a local food pantry to help you out until you get back on your feet or ask your church if they have a system in place to help pay for food (my church has this in place and helps it’s members regularly if they are struggling with making their budget stretch). If you don’t like using coupons, I highly suggest you start shopping at Aldi’s. Their prices on almost everything is lower than even your best grocery store with a sale and a combined coupon. You need a place to sleep, and you don’t want to end up on the street or in a homeless shelter, so make that check out first.įood – You need to eat so establish a food budget and stick to it. Shelter – Always pay your rent or mortgage first. You need three things covered at all times: food, clothing, and shelter. The first step in getting a handle on your bills is to realize that you must prioritize. Yes, of course, they all need to be paid, but that doesn’t make them all equal to you. I’m sure you’re overwhelmed with all of it, but I’m here to show you how to manage this and get back on track fast!įirst, remember that not all bills are equal. How To Manage Your Bills When There’s Not Enough Money To Go Around How To Manage Your Bills When There’s Not Enough Money To Go Around.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |