Getting a handle on your monthly bills requires a few simple steps. First, identify which creditors you owe and when the payments are due. Then, honestly ask yourself whether you can afford a certain bill within your budget.
What do you owe?
Month after month, many people simply play the guessing game when it comes to finances. Although certain bills are due at the same time each month, they may be neglected, forgotten or simply ignored.
Do you have a real idea of what is owed to each creditor? To get a handle on your finances, you first need to answer that question.
Yes, the mortgage is due again!
Many bills are due at the same time each month. When the bill arrives, it should come as no surprise.
Take time to list out each and every bill for which you are responsible. For each bill, list the due date on which the bill is due. Place your list somewhere visible so it serves as a reminder.
Take it a step further and commit to pay your bills on time, or even before time. Depending on your cash flow, determine the best date to pay the bill.
Can you really afford it?
I know you may want to have all the channels your cable provider offers, but can you really afford it?
You have to understand what you can and cannot afford. Review your bills and start thinking about areas where you can save or cut back. Be creative. Think of ways to get the most for your buck.