January's Financial Stress
January's Financial Stress
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Christmas is over and the bills are arriving. It's time to figure out how you are going to handle the January financial stress. Following are some hints that will help you to get back into control again: REGULAR REPEAT EXPENSES:
1. Prepare a chart with headings that include: Item; Amount; Due Date; Minimum Payment; Interest charged; Notes
2. Go through your bank statements and invoices entering information about recurring expenses in the chart. These are things that you cannot change and must pay based on your contracted arrangements.
3. Consider ways that you might be able to reduce these costs. For example, calling your telephone, internet or cable companies may provide you with options to move to a less expensive plan.
4. Think about how larger decisions might improve your finances within the next few months. Maybe you can move to a less expensive location or sell a vehicle for example.
5. Total the amount that you need to pay a...