How do you get out of the hole when you get behind on your bills,?

Answer 1

downsize you life style and get a part time job!!!

Answer 2

Heres what you need to do:

First start writing down evertime you buy something. Carry a piece of paper and track everything you buy even the .50-$1 items. Do this for a few weeks.

Now sit down with all your bills, paycheck and that list. Do a budget with paying the minium on all your bills. Figure out how much you have left and the nfigure out what your highest accuring debt is and pay the extra to that debt. Once it's paid off use that money and add it to your next debt and keep doing that process.

Now yo uwill want to see what you can cut out of your expenses. Things like cable, internet, home phone, cell phone, car payment etc.. You need to downsize on all your bills, just doing this will save you alot of money. Next, look at that list you and will see that you probably spend alot of money that you don't need to spend. Ways to save are taking a lunch to work, make your morning coffee and take with you, take drinks to work, make 2 or 3 days of meals at once, eat alot of soups, pastas and vegatables as they are cheap and good for you. If you have a car payment sale it and get something for cash. These are just some ideas to get you started.

You should look for a second job and a roommate if you have a free room. These two things will make a big difference. Just take the money from the se cond job and pay it all towards your bills. Getting back on track will take alot of work and dedication but if you really want it, it can be done just by making a few of these small changes.

They say you should have a 3-6month emergancy fund. You can do it two ways: Either save 10% a month or the extra you are paying the to highest accuring debt and save it.

You should get a book by Dave Ramsey called "the complete money makeover". This will help you and also whatever your goals and dreams are keep them in mind throughout the process. Just remember once you are out of debt to save that money and not fall back into the debt trap. You will already but used to spending that money on bills so just start saving and investing it once you are debt free. Good luck and happy holidays

Answer 3

Live below your means. You either need to reduce your spending or increase your income.

Since it is hard to answer this question without more specifics, a few things to try are:
1. Get rid of unnecessary perks like cable, high-speed Internet, etc.
2. Don't go to restaurants or the movies (try the public library)
3. If you owe a lot of money on cars, sell the cars and buy a $2000 car
4. Get another job
5. If a lot of the money is going toward credit card debt, stop paying the credit cards until the essentials (roof, food, electricity) are paid first.

Answer 4

Stop spending on non-necessities.
As long as there is no early-termination penalty, cancel your cable TV and magazine subscriptions, terminate your cell phone, dining out, and going to the movies.

Many people spend about a third of their food budget on dining out. Every meal you eat from food prepared at home saves $3 to $5 or more. Bring a sandwich, cold soup, leftovers, or TV dinner to work instead of eating at the cafeteria. Each member of your family that follows this tip will save you $100 per month. That's easy money!


Grocery shopping hints:
http://www.moneyinstructor.com/art/savegrocery.asp
http://www.womansdivorce.com/money-saving-tips.html
http://www.bankrate.com/brm/news/cheap/331Ways/DailyLife/groceries.asp

Answer 5

Besides taking a real hard look at your spending habits and cutting out all the extras, find ways to make extra cash. Have a garage sale, collect alum cans, get a second job -- pizza delivery has flexible hours.