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.
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, can get you started on improving your expenses. You can also get lots of ideas on how to reduce your expenses and find alternative sources of income here at Tight Fisted Miser. Plus, there are lots of other personal finance blogs with helpful advice.
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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