Friday, January 16, 2015

Save Money, Cut Costs, Pay Bills

How To Pay Your Bills When You Are Broke

* Written by: Oliver J Kingsley

It seems like your bills keep getting bigger and bigger and you are barely getting to the next paycheck. Maybe you can't even pay all of your bills anymore. What can you do to get bills under control so you have more money available?

The easiest way to get started turning your financial situation around is to quickly cut spending to free up some cash. Everyone has some spending they can cut and then use that money to pay down bills. At first, you may think that you don't have any "extra" spending, but almost everyone has optional expenses they can cut to get more cash right away. You have to decide it is worth some effort and sacrifice to find some things you can live without and break some spending habits you have developed.
Here are 10 ways to cut expenses quickly to get cash to pay bills:
  • Cut cable TV / satellite TV- most people could save $100 per month

  • Stop eating out. Make all of your food at home, including lunches that you can take with you. Most people can save hundreds of dollars per month.

  • Stop paying for entertainment. No movies or ballgames for a while until you get your bills under control.

  • Arrange with your bank and credit card companies to "skip a payment" on some of your bills. Many companies will allow you to skip a payment once a year. You can use the payment that you got to skip to pay a different bill to catch up

  • Cancel travel plans. You need to stay home, not spend money traveling away from home. Even driving trips to stay with relatives cost money.

  • Stop using credit cards. Keep cash in your purse or wallet and spend that instead of using credit cards. It is harder to spend "real" money, so you will tend to spend less and notice how much you are spending.

  • Drive less. You will save money on gas plus wear-and-tear on your car. If you are out-and-about less, you'll encounter less opportunities to spend money too.

  • Can you sell your car? If you have more than one car in your household, or live near public transportation, you may be able to sell a car which will give you some cash and remove a car payment from your budget.

  • Defer expenses such as buying new clothes, new shoes, or getting your hair done.

  • Cut your Internet service at home. Painful, I know, but if you can use Internet at work or at the library you can save $50 per month starting now.
These tips to cut spending and sell unneeded items can give you a jump-start to get back on track financially. You may need to look at increasing your income by getting a second job or higher paying job if your bills have exceeded your income capacity.

For more tips on saving money, check out this FREE eBook: Pinch Like You Mean It! 101 Ways to Spend Less Money Now

*  *  And be sure to check out the Brummet’s Trash Talk - It's Easy To Be Green book series to learn how to be green while saving a great deal of cash as well. *  * 

Trash Talk - It's Easy To Be Green book#1
Trash Talk - It's Easy To Be Green book#2

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