There are a lot of people that have been consumed by the debt monster.
They find themselves having more to pay for at the end of each month than they actually make.
So what do they do? They use credit.
This is but a temporary solution.
By using credit to pay for things like bills when you do not have enough money, all you are doing is buying a tiny bit of time before it all catches up with you.
Eventually you will run out of credit.
You will run out of money to pay the minimum payment on the credit and you will still not have enough money for the essential bills.
Those being electricity, water and food plus more.
The one thing you must do to help yourself get out of this situation is organize your finances.
Do you really know what you spend your money on.
If you were asked to produce a few recent credit card statements, could you do it? How about the last two car payment statements.
There are a lot of people out there that can not doe this.
They either are very unorganized or actually throw the statements away.
If you can not produce these things or even find them, how do you know what is happening.
I will bet that you have a lot of late payments just from forgetting to pay them.
You should get a file cabinet or at least a drawer to put all of these things in.
Put all like bills in file folders and label them.
How do you know what your monthly expenses are if you can't see what you are getting billed for.
How can you pay things on time if you can not find the actual bill? By getting organized and knowing where all your financial information is, you can pay things on time every time.
You will know what is going on.
You will know if there are things getting billed to you that should not be there.
Every time you pay something late, there is probably a late fee applied.
These fees are not just a few dollars either.
The credit cards can charge amounts like 35.
00.
You then get charged interest on this.
These amounts can greatly accelerate the time you would have had to pay things.
By organizing all your financial information, you will be on the road to being debt free.
You will eliminate late fees and overdraft fees.
You will pay bills on time thus helping your credit rating.
A good credit rating will get you a lower interest rate.
This will in turn save you money that be used to pay down your debt.
They find themselves having more to pay for at the end of each month than they actually make.
So what do they do? They use credit.
This is but a temporary solution.
By using credit to pay for things like bills when you do not have enough money, all you are doing is buying a tiny bit of time before it all catches up with you.
Eventually you will run out of credit.
You will run out of money to pay the minimum payment on the credit and you will still not have enough money for the essential bills.
Those being electricity, water and food plus more.
The one thing you must do to help yourself get out of this situation is organize your finances.
Do you really know what you spend your money on.
If you were asked to produce a few recent credit card statements, could you do it? How about the last two car payment statements.
There are a lot of people out there that can not doe this.
They either are very unorganized or actually throw the statements away.
If you can not produce these things or even find them, how do you know what is happening.
I will bet that you have a lot of late payments just from forgetting to pay them.
You should get a file cabinet or at least a drawer to put all of these things in.
Put all like bills in file folders and label them.
How do you know what your monthly expenses are if you can't see what you are getting billed for.
How can you pay things on time if you can not find the actual bill? By getting organized and knowing where all your financial information is, you can pay things on time every time.
You will know what is going on.
You will know if there are things getting billed to you that should not be there.
Every time you pay something late, there is probably a late fee applied.
These fees are not just a few dollars either.
The credit cards can charge amounts like 35.
00.
You then get charged interest on this.
These amounts can greatly accelerate the time you would have had to pay things.
By organizing all your financial information, you will be on the road to being debt free.
You will eliminate late fees and overdraft fees.
You will pay bills on time thus helping your credit rating.
A good credit rating will get you a lower interest rate.
This will in turn save you money that be used to pay down your debt.
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