In today鈥檚 economy, it can be easy to find a job, but it鈥檚 really hard to get that job to give you enough working hours to pay your bills every month. While past generations were able to rely on a set work schedule, today鈥檚 workers have to contend with changing schedules and employers who have their workers drive in to the office just to tell them to turn around and go home.
For most workers, that means scrambling to figure out which bills not to pay when they just don鈥檛 have the money. Here鈥檚 some help.
- Don鈥檛 buy anything you don鈥檛 need. Even if you鈥檙e short by $500 and all you can cut is $50 from your budget, do it. Saving every penny you have will prevent a bad situation from getting worse.
- Make the minimum payments on all of your debt. While getting out of debt is a good goal, right now you need to focus on getting everything paid.
- Cut off the utilities you don鈥檛 need. This includes internet, cable, and reducing your cell phone plan to the base minimum you need to survive.
- Ask for bill extensions. Your power and water company probably have programs available where they can temporarily reduce your bill or stretch out payments for a while. Just make sure you understand any fees involved with these programs before signing up.
- Put payments on a credit card. If you still can鈥檛 pay for everything, then it鈥檚 time to put your utility and grocery bills on a credit card. If you have to resort to this step, then make sure you reduce your usage as much as you can. While it may not help you this month to turn off every light in your house and not run the air conditioner, you can use the money you save next month to pay off the credit card bill.
- Start looking at ways to make sore money. If your credit cards are maxed out and you still can鈥檛 pay your bills, then you need to come up with a way to make more money.
<p data-sp-element=”content”>If you are finding yourself in a position where you can鈥檛 pay your bills, you might want to see if a debt consolidation loan can help you. These loans can reduce your monthly payment on your credit cards, student loans, and other types of credit. That can free up enough cash for you to make up for any lost income.