After working in financial services for years and with default mortgages for the past few years, I have seen how few people are organized when it comes to their bills.
Priorities are often in the wrong place.
I've shared this one little tool with other including employees and friends. It is simple.
Items needed:
A spiral notebook or composition book (dedicated to this one issue)
All of your bills and obligations.
Start on the first page, state the month and year.
Then start your bill list with date due and amount:
Put your priorities first (for example):
Rent/Mortgage - date due - amount due
Car payment - date due - amount due
Electricity - date due - amount due
Water - date due - amount due
Car Insurance - date due - amount due
Cable/Internet/Phone - date due - amount due
Cell Phone - date due - amount due
Student loans - date due - amount due
Personal loans - date due - amount due
Credit Cards - date due - amount due
Other bills such as medical, collections, etc should be added.
Child support and alimony should also be to ensure that you know how much is going out. The important thing is that you know what bills you owe, when they are due, and how much you have to pay out each month.
If your rent/mortgage and electricity are not your top priorities, then you need to seriously look at your priorities.
If you are having difficulties paying your obligations, then you need to first contact the company that holds the debt (the bank holding the mortgage, credit card, car note, etc...). Most companies have options to help consumers.
Good luck and God Bless.
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