You sit down at the table to pay bills and discover that the amount of cash you have on hand isn’t enough to cover the bills, let alone enough to feed a family and meet your expenses.
More and more people are experiencing this problem, especially with an economic downturn and post holiday spending. What can you do?
Contact a credit advising group (many not for profit groups are available and listed in most phone directories)
If you overspent your Christmas budget, consider returning gifts and exchanging them for items more in line with your budget.
If you aren’t on a budget, develop one and stick to it. Negotiate with creditors to lower payments or consolidate payments.
Cut up the credit cards.
Bottom line…don’t let the worry and stress wreck your relationship or health. Seek help and get advice to help you through this tough time.