With ever increasing consumer debt more of us are finding ourselves robbing Peter to pay Paul each month.We go through our bills and find that
money just won't stretch far enough to cover all of bills and expenses. It's hard to decide who you should pay when you have one bill that is stamped with "Final Notice" and you are behind on several of your other bills.
If you don't pay credit cards you know that you are going to start getting those harassing phone calls. If you don't pay house payment you are looking at foreclosure. If you don't pay utilities they will shut them off. How do you decide?
When you get to this point it's time to get down to basic survival and work from there.
I have actually talked to people that stated their credit cards were up to date but their mortgage was two months behind. This is one of biggest mistakes we can make when we don't have money to pay everything.
Another mistake I see on a regular basis is that some people pay their bills at expense of their food budget.
If you have money to pay some of your bills you have to start with groceries first and necessary health items. You can try to save as much as possible on your food but that money has to be set aside before anything else.
The next bill you must pay is your mortgage or rent. While credit cards companies will drag out their collection process, mortgage companies and landlords will start process of
foreclosure or eviction within just a couple of months.
Your next priority is your utilities. In many cases utility companies will turn off your utilities if bill isn't paid within a few days of receiving bill.
