When you are stressed about a bill and you are way behind. Don’t make a payment. Pay the bill off. It’s that simple.
I’ve learned in my experience and when I became very debt. I kept trying to make payments to catch up but every time I would turn around the bill payment I made, never may a dent in what I owed. So I got angry and thought there must be a better in handling this and there has to be a way to pay it off and get rid of it. How can I get out of debt quicker and not worry about next month’s payments.
So I did some research, spoke the credit expert. Went to classes and spent a lot of time in the public library trying to understand the easy way to pay that bill off, so I can quit making a payment. I kept getting deeper and deeper in debt because that bill kept coming and coming with higher interest rate or some type of charge.
Now, I’m not saying not to pay the bill. You have to pay it but you must and need to get rid of it. There are some bills that you can’t avoid and you must pay those in time. Such as electric bill or grocery bill or gas bill, phone bill but almost everything else you must get rid of it and you can.
What you do is take the bills and place them order by the most you owe to the least you owe and start from the smallest bill and work to the largest bill. It’s called a snowball effect. Lots of credit and money expert talk about that. You can read it in books, hear in DVD or audio recording but they all have the same concept.
Let’s say you owe $100.00 to the smallest bill and you only have $25.00 to pay at the time. Then pay the $25.00 until you pay the bill off. You pay that amount ever time you have that amount in your hand, not matter when. You don’t have to wait until the end of the month to make a payment, make the payment. If you get the $25.00 every week, then every week make a payment, until your bill is paid off. Once that bill is paid, go the next one and pay the $25.00 plus add a little more money to that payment. Such as on the second bill make it $40.00. Pay $40.00 every time you have it, until you pay the second bill off and then go to the next bill. You see the snowball effect happening.
You keep this up until all bills are paid off. You keep rolling that amount up and you will pay your largest bill off fast. I went from on paying $10.00 a month to a small bill from $500.00 to the largest bill paying that amount a month. I just was paying the bill until all bills are paid.
I’ve done it twice and I know I can do it again. So come on, I know you can do it too. Now this will only work if you are far behind on month bills. If you have basic bills coming to you such as electric bill, phone bill and other in that category. Then pay those bills first and when you start working on the snowball effect in paying the other bills, it will start working well and fast.
If you can’t afford to make a payment to a bill, start with something that you can manage and don’t give up. You can do it.
Pay the bill off; get rid of it, so like that you don’t have to worry about it in the future. By paying the bill off, it will go away and you will never have to deal with it again.
Think of all that money you will have once all the bills are paid off. Think of all you can do for yourself and your family, once all the bills are gone. Think of how you can spend it on the things you want instead of the things you need.
Think about it. You can do it. I know you can. Don't give up on this. It will take time but you can do it.
