Prioritize Your Bills
If you don’t have enough money to pay all of your bills then you should pay the most important ones first. The two most important things are food and shelter. It should be obvious that you pay your rent or buy groceries before you pay your credit card bill.
Sell Your Stuff
If you have anything of value worth selling then you should do so. This can provide you with the money needed to get through a short term financial squeeze.
Borrow Money
If you have family or friends that are willing to lend you a hand then you should consider this option. Do not take out a payday loan as that will most likely ultimately lead to you being in even worse financial straits. You could also consider checking out Activehours.com to get a loan. They are the sponsor of this giveaway. Their aim is to compete against payday loan companies by providing loans with no fees or interest. Instead they ask for voluntary donations. It is an interesting idea, but I haven’t been able to check out the site myself since it is blocked on the library’s internet.
Assess Your Finances
You need to determine what caused you to run out of money before the end of the month. Was it a one-time thing due to numerous unexpected expenses or is it likely to be a repeating thing. The above steps won’t be much help if you repeatedly run out of money. If you are repeatedly running out of money you need to either increase your income or reduce your expenses or do some combination of both.
Of course, it is easier to say that you should increase your income or reduce your expenses than it is to actually do it. Reading a book like, The Total Money Makeover
If you find yourself with more month than money don’t just look for a quick fix to your financial problems. Getting your finances in order will likely take time and effort, but it will be well worth it when you no longer have to worry about running out of money before the end of the month.
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Thanks for the giveaway. I would tap my savings.
Educate, educate, educate and seek out the advice of an expert!
Sometimes we tend to forget we have so much stuff kicking around that we don’t use and we can sell. We recently sold a pair of shoes that were in our basement for a few years for $60 on kijji. Imagine that money that would have been flushed down the toilet if we didn’t sell them. I think many people overlook what they have and hang on to stuff they might not ever use again and should get rid of the clutter. All that could add up to $$$ in your pocket. Great tips. Mr.CBB
I would sell unwanted items taking up space in my home at the flea market or a yard sale. I would also sell gold and silver jewelry that I do not wear.