Having only $1500 a month how do I keep all of my bills paid and current when they are more than $2000.00 a mo

Answer 1

You can't. You either need to cut your expenses, or make more money.

Answer 2

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RE Having only $1500 a month how do I keep all of my bills paid and current when they are more than $2000.00 a mo

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Answer 3

If you only have 1500 a month then you must cut your bills or get another job. I can support a whole household full of people in one of the most expensive places for 1400 a month. Live within your means. Cable is not required, neither is air conditioning unless you're old. Turn off lights, don't eat so much. Don't buy stuff.

Answer 4

Find out if any of your bills can be deferred for a 6-month period. If you have student loans, you should file for a deferrment. Once that is done, double up on a bill you owe the least and try to pay it off in 2-3 months. Once that is paid, if there's another account that you can pay off, try to do so before your deferrment ends. This will free up some wiggle room in your finances. If possible, try to refinance your major payments.

Never skip on your rent or mortgage -- EVER!!!! If you are renting, try to negotiate a longer term lease for a lower monthly payment. Or move to a less expensive apartment.

The suggestions require you to not add to your debt. Don't take on another job! Especially if it requires you to spend resources like gas or purchase a new uniform.

Also, try to eliminate non-essential debt, like the cable bill or expensive lunches out. If you can eliminate $300 of this type of debt, it will be that much easier to get out of debt.

Good Luck

Answer 5

Pay off your credit card bills every month because with the interestest you are paying, I estimate that every 4 months your are doubling your expenses. I might be exaggerating a bit but I think you can see my point.
Move back home, lower your expenses, cut out the cel phone, cable etc... at 1500 bucks a month you are way below poverty line, its barely enough to survive so you need to reevaluate your life and instead of spending the 1500 on material goods, invest it in education if you are not already doing that.

Answer 6

You may want to consider consolidating your debt into a loan so that you are making only one payment a month on all your bills. I have worked with CitiFinancial to do this in the past. It helps to get everything under control. Also, I suggest writing down all of your monthly expenses (including entertainment, dining out, gasoline, etc.) and see if there is a way to cut back the amounts. If nothing else, you may want to consider getting a part-time job.

Answer 7

Cut out some of that unnecessary bling. cell phone? cable tv? dinning out? car wash? Newspaper? Get local phone service only for about $20 mo. and buy phone cards for long distance. Request credit card co. to reduce interest rates, most will. Refinance car payment, There's no fee, and if you've had it for at least three months, you can get a lower payment. Or just get a second job.

Answer 8

Well you could consolidate your credit cards.. or you could get a part time job that would fill in that gap. Heck you can make an extra 500 mowing lawns or sweeping out a place a month. Otherwise you could file for bankruptcy but then you will have bad credit for 7 years. Try a debt consolidation counselor they are in the phone book.. they will steer you to the best plan.

Answer 9

Down grade.
Get rid of the things you don't need.
Lower each bill, take off all the extras
EX. If you have a cell phone bill with 600 minutes. Lower the minutes to 400. You will have a cheaper bill & you willn't have to get rid for you cell.

Answer 10

Your over extended! Only have the necessities and get rid of any pleasantries. Example if you have more than one vehicle sell one, have a cell phone and home phone get rid of one, if you have a storage unit see if you can temporarily store your belongings with a friend or family member until you get control of your bills, if you have toys like motorcycle, jet ski, snow machine, sell it or see if someone will take over payments in exchange for being able to use it temporarily while you get back on your feet.

Answer 11

The answer is simple. Get less bills. Move into a smaller house or something.
The worse mistake people make is accepting debt that they don't need to accept.