![]() ![]() If you’re having trouble paying your bills, explain your situation to your supplier as soon as possible. Try to put this money aside for an unexpected bill. Use this quick and easy spending calculator from CCPC to work out where you can make savings on other things that you buy regularly. Even a small amount of money will make a difference. If you have some money left after paying your bills, try and put this aside each month to save for unexpected bills. MABS has a free My Budget tool that will quickly show you what’s left over after you pay your priority bills. It’s good to see if there is anywhere you can save some money. Make a budgetĪ budget can help you see what money you have coming in and going out each week or month. It can be very stressful when the fridge needs to be repaired, your car breaks down or the washing machine stops working. Take the steps below to try and be prepared for when bills like this arrive. Unexpected bills can be difficult to manage. Get in touch with a MABS adviser if you’re struggling to deal with your priority debts or you’re not sure which debt to pay first. ![]() They include credit card debt or overdrafts. Secondary debts have less serious consequences. For example, your energy bills (gas, electricity, coal or oil) are a priority debt because if you do not pay them, you could be disconnected. ![]() Next, you need to prioritise your debts. This means splitting your debts into priority and secondary debts. Some debts are called priority debts because they cause the most problems if not paid. If you have arrears and debts, use the My Full Financial Picture tool as it includes a section for debts. You can use the My Budget tool to help you work out what money you have coming in and going out. Make sure you can pay for your living costs like food and electricity before you prioritise payments of other bills and debts. And unpaid bills cost you more if you have to pay late fees or missed payment fees or if you lose track of what you already paid. Don’t worry if you don’t know how to deal with your bills. If you make a realistic and affordable plan and stick to it, any bill problem can be managed. A pile of unpaid bills gathering in a drawer can be stressful. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |