Prioritize expenses that keep your family safe and secure, such as housing, food, and utilities. If you have debt payments you cannot make, contact your creditors to ask for an extension or a payment plan.
You probably have bills for some (or all) of the things on your monthly expense list, but you may not have enough money to pay all of them. This is where prioritizing, or deciding what to pay first, comes in.
Paying for shelter should always be the first priority, so you continue to have a roof over your head. If you pay for utilities, like heating and water, you may have a month or more to make your payment before having your service disconnected.
Your food budget is a great example of an expense that is both a priority and something that you can adjust if you have more pressing bills to pay. There are probably items on your grocery list that can be removed to save money for other bills that month.
Answers & Comments
• Housing
• Utilities
• Food
• Transportation
• Insurance
• Debt (student loans, credit card payments, etc.)
• Medical expenses
• Child care
Prioritize expenses that keep your family safe and secure, such as housing, food, and utilities. If you have debt payments you cannot make, contact your creditors to ask for an extension or a payment plan.
You probably have bills for some (or all) of the things on your monthly expense list, but you may not have enough money to pay all of them. This is where prioritizing, or deciding what to pay first, comes in.
Paying for shelter should always be the first priority, so you continue to have a roof over your head. If you pay for utilities, like heating and water, you may have a month or more to make your payment before having your service disconnected.
Your food budget is a great example of an expense that is both a priority and something that you can adjust if you have more pressing bills to pay. There are probably items on your grocery list that can be removed to save money for other bills that month.