Do you ever feel like money is just a little too tight? Every time you get paid, you see a glimpse of some dollars, and then the bills quickly take that comma out of your checking account! Cash goes in, but it seems like it makes an exit just as fast. So what’s the problem? It’s those pesky payments!
In our society today, credit is not only acceptable, it’s the normalcy! If you pick up some food at the grocery store and try to pay with cash, the “cashier” (which, by the way, should be called a creditier nowadays) looks back at you like you’re an alien. Absolutely nobody pays with cash anymore!
So what happens? Since credit is the preferred method of payment, nearly every retail store is advertising their 0% introductory interest, zero money down deal and you figure, “what the heck, if I can buy something now and not pay for it until later, plus they’re not charging me interest, what’s the downside?” So you sign up for the payment plan.
The payment plan seems all well and good for a while. You’ve got a set payment for your furniture, your washer and dryer, your car, and of course, your house. The only thing is, suddenly all these payments are really eating into your cash flow. So much so that at the end of each month, you really start to wonder if you’re going to have enough money to pay all of the bills! You are not alone in this problem. There are millions of other people just like you that are strapped for cash because of the various payments that they signed themselves up for. Even the government is seeing the stress of credit payments!
So What Can You Do?
First of all, I would suggest that you try to pay off one of your loans in order to reduce your chunk of payments that go out each month. And how do you do this? Sell some stuff! Do you have a foosball table that never gets used? Post it online for $100. How many laptops do you have in the house? Do you really need more than one? Put them up for sale. Unused tools, books, movies, games – there’s probably an endless supply of things you could sell to pay off one of your loans.
Second, I would look for ways to increase my income. Perhaps you could start a small business on the side that costs practically nothing to start, but could offer some immediate revenue – something like washing and detailing cars, or mowing lawns, raking leaves, or cleaning houses. It doesn’t have to be complicated, it just has to bring in some money!
Third, if you still feel strapped for money and you see no way out of the debt you’re in, then maybe it’s time to research some debt solutions. If you decide that you simply cannot get yourself out of the financial mess you’re in, then maybe it’s time to let someone in and help. With the proper assistance, you could soon be able to take control of your finances once again.