Jump to content

Admin's Blog

  • entries
    31
  • comments
    11
  • views
    2,714

How to Survive When You Can’t Pay Your Bills

admin

183 views

Even financially responsible people can fall on hard times. I found myself in a challenging situation when I lost my job in retail banking. I had emergency savings to fall back on, but I wasn't able to find another comparable position for several years after getting laid off. 

I had to slowly chip away at my savings until the situation became dire. If you find yourself in a similar position where you simply don't have enough money to go around, here are a few tips from my own experience.

  • Cover the Basic Expenses Before Anything Else (Housing, power, gas to get to work... you get the idea)
  • Request Extensions on Your Bills (it works...sometimes) (Cross your fingers your power isn't turned off in winter)
  • Downsize and Sell Excess Stuff 
  • Take Out New Debt Sparingly (Avoid this at all costs!)
  • Look for Ways to Bring in More Money (Good luck with this one)

broke no money GIF



1 Comment


Recommended Comments

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...




×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.