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Get your bills under control

By Kemberley Washington · Bankrate.com
Wednesday, August 14, 2013
Posted: 9 am ET

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.

Kemberley Washington is a certified public accountant and professor. Subscribe to her blog at Kemberley.com. Follow her on Twitter and on Facebook.

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4 Comments
Christine Robinson
August 28, 2013 at 12:31 pm

I am in a really tight recession, and its been difficult for me. I am in between job right now, and looking for something that truly help me
to generate real income, without me have to put any money up front.
thanks,

eva
August 26, 2013 at 4:48 am

do I have to buy a tape or anything to get started, there is one you have to buy for $97.00 to get started and I don't have that kind of money to do that, my husband is the only one that works and I been trying to find a job but it is really hard, so if I can do this without paying money up front

Margaret R Famania
August 24, 2013 at 2:10 pm

That's all well and good if you are not on social security and paying a lot of bills. My husband has had to go back to work part time and so did I, we pay mortgage on a mobile home, we pay outrageous interest rates that we have tried to have refinanced and have failed so far. We just have to many bills to pay to be able to put money away at the end of the month.