When the bills begin to pile up, the feeling of being overwhelmed can make a profound impact on how you view life. It can get hard to take at times and desperation could alter your judgment when dealing with the situation. There are several things you can do before and during financial upheaval that can improve the outcome. The most important thing to do is take three deep breaths and realize that no matter what happens there is always another path.

Mounting bills Project 365(2) Day 142
Creative Commons License Keith Williamson via Compfight

1. Communication – Many bill collectors and utility companies will work with you if you communicate with them about your financial difficulties. The business would rather get its money over taking you to court or shutting off the power. Payment arrangements can be set up that can work with your income. As long as you keep your debtors in the loop of what is going on in your financial world, many of them will be sympathetic.

2. Budget Planning – Maintaining a budget plan helps millions of people on a regular basis. Although Quick Books is one of the top names in financial tracking, you can build a budget with an Excel spreadsheet or pencil and paper. This can give you an idea of areas you need to work on or reduce in order to survive. I have found it helpful to budget bills in order of when they are do and when I get paid to be the most efficient in timely payments.

3. Immediate Pay – Sometimes we simply forget to pay a bill on payday. We’ll spend the money on other items and bills before we realize there was something else that needed paid. If you sit down and budget what can be paid on what paydays, the first thing you need to do is pay those bills as soon as the money is available. Get in the mindset that the money is already promised to debtors and anything left over is what is actually yours. You can even set up direct withdrawal from your bank so you do not forget.

4. Reduce Spending – There are many things that we like to buy on a regular basis. Some of these items are not necessary to our survival, but we’ll spend the money on them anyway. Did you know that a family of five could eat dinner for a week on what we spend on a family of five for one visit at a drive-through restaurant? Even the expense of morning coffee at Starbucks can be eliminated by brewing your own at home.

5. Christmas Savings – Although many of us will try to keep a savings account full, situations force us to tap into it in order to pay bills. However we can develop quite a sum of money over the course of a year if we could put in at least $5 per week into a savings account. This could help a family prepare for Christmas if the money goes unused on other emergency expenses. Many banks will offer a savings plan that won’t allow you to withdraw from it until a specified date has arrived.

It can be trying on a relationship if couples can’t seem to scrape enough together to keep things going. The situation may look bleak at the moment but it won’t be forever. Stay the course, reduce spending, and you should be able to pull your financial problems out of the proverbial fire.

Jack Meyer is a regular contributor for http://nannybackgroundcheck.com/. As a detective he wants to spread the knowledge of terrible things that can happen when people don’t fully verify the credentials of a caregiver or any employee. He also writes for various law enforcement blogs and sites.

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