When your bills pile up, so does the stress. This can be
even more frustrating if you have been making all your payments on time in the
past. You may find yourself in this situation due to a job loss, a sudden unexpected
expense, or health reasons. Whatever the reason, you may be able to get your
finances back under control. Here are a few tips:
1. Create a priority list
First step, prioritize your bills. The essential bills on
top, entertainment towards the bottom. Try not to leave anything out; rank them
in terms of importance. Clear these bills one by one before you decide to spend
a dime anywhere else.
2. Don’t run away from your creditors
When you have too many bills to pay, avoiding your creditors
may seem like an easy way to deal with them. However, ignoring calls from your
creditors will not make them go away. Try calling your creditors and explaining
the situation you’re in. They may actually give you more time to pay your
debts.
3. Reduce your expenses
This may be tougher than it sounds. If you have any extras
you can trim for your expenses, now is the time to do it, even if that means
canceling Netflix. Every dollar counts when restructuring your budget.
If your bills have become uncontrollable, bankruptcy may be
an option. King and King can help; call our office at 404-524-6400 for a free
consultation today.
