Content

• Steps
• Method 1 of 3: Pay your bill on time
• Method 2 of 3: Determine the Budget You Need to Pay Your Bills
• Method 3 of 3: Pay your bills when you are low on money
• Tips
• Warnings
• What do you need

Every day, you find your mailbox overflowing with bills for which you may or may not have enough money. In this article, we'll show you how you can pay all your bills on time, and the correct priority for paying bills if you are running low on money.

Steps

Method 1 of 3: Pay your bill on time

1. 1 Open accounts as soon as you receive them in the mail. Store all your bills in one place so you know where you can find them as soon as you're ready to pay for them.
2. 2 Divide accounts into two categories. The bills that need to be paid at the beginning of the month are the most important and you should put them in the first category. In the second category, there should be bills to be paid in the middle of the month.
3. 3 Organize your bills so that you need to pay about the same amount at the beginning of the month as you did in the middle of the month. If necessary, you can negotiate a payment date with the company itself.
4. 4 Set up two days in a month to pay your bills. For example, it can be the 1st and 15th day of each month, and you can schedule the hour of payment in advance in the schedule of the day. Try not to change this schedule.
5. 5 Sign up to pay online. Thus, the money to pay bills will be automatically debited from your bank account. You will not need to worry about proper organization of accounts and monthly visits to the bank.

Method 2 of 3: Determine the Budget You Need to Pay Your Bills

1. 1 Open a bank account where you will deposit money only to pay bills.
   • Calculate how much you pay each month for your bills. Divide the amount by the number of times you receive your paycheck each month to calculate how much money to put into that account from each paycheck.
   • After receiving your salary, immediately put the calculated amount on this account. Keep the rest of the money in another account.
2. 2 Calculate a budget for your irregular expenses. For example, you may pay for car insurance once a year, so you will need to save money for this account throughout the year.
   • Write down your total irregular bills and divide that amount by 12 to determine how much you need to save each month.
   • Make a budget for items you don’t buy every month, like clothes, so you always have enough money for them.
3. 3 Have a bank account for emergency expenses. For example, if your car insurance is $ 10,000, always keep $ 10,000 in an account for emergency expenses.

Method 3 of 3: Pay your bills when you are low on money

1. 1 Start by paying for your most important bills.
   • Pay rent or mortgages, utility bills, grocery bills, and any other bills that allow you to work, like car bills.
   • Pay child support and taxes.
2. 2 Stop all unnecessary spending. You may have to give up cable TV, cell phones and other luxuries until you get back on your feet.
3. 3 Talk to your creditors ahead of time. Many lenders can find a more convenient loan payment plan for you if you are in dire straits.
4. 4 Try to keep costs down. For example, you can look for another car insurance that suits your budget.
5. 5 Get economic advice. You can find a consultant to help you organize your expenses better.

Tips

• If you pay bills online, write down all your passwords, and keep passwords and logins in a safe place. Try not to have the same password on all sites.
• Tell them to put your salary directly into your account. Thus, you will save time from going to the bank, and you will not be tempted to waste this money.

Warnings

• Failure to pay your bills on time can result in a fine.

What do you need

• Place for your bills
• The calendar
• Online bill payment
• Bank accounts for paying bills
• Bank account for emergency expenses