dj63 is avoiding work.
I never have money. My bills are behind. I don’t have enough to get them caught up. Between me and my husband we make way too much money to be constantly broke. I’m definitely not doing something right.
How I did it: Things got so bad I was 3 months behind on my rent and none of the bills were current. I took out a loan against my 401k. Luckily I asked for the max loan just as the market took a nose dive. I do not recommend this for everyone. I luckily have about 20 years before retirement so it's not complete suicide.
I got almost everything caught up. I try like the dickens now to look at the bank balance each day. I have a spreadsheet that I update each day with the current bank balance and all outstanding items. Then I play cash flow scenerio. I try to pay everything on time. If I can't I prioritize by which bills will charge a late fee and which bills will hit my credit score. I am paying off the highest interest credit cards first. Paying those off is my next hurdle.
Lessons & tips: Make a spreadsheet of your bills. First you make a list of your bills and sort it by date.
Mine looks kinda like this:
Day Bill Amount
4th Water $62 (estimated typical amounts
6th Cable $50 until you get the actual bill)
7th Phone $50
Then you make a check register type of spreadsheet with the balance on top. (In my case, my husband and I have separate checking accounts.)
Kind of like this:
$100 $60 <-- calculations
December 8th Regions Wachovia
Current Balance $150 $120 <--balance inquiry
(list uncleared items first)
ck#100 -$30
ck#101 -$20
(then list bills to be paid)
Water -$60
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dj63 is avoiding work.
I never have money. My bills are behind. I don’t have enough to get them caught up. Between me and my husband we make way too much money to be constantly broke. I’m definitely not doing something right.
dj63 is avoiding work.
Most of the bills are current. There is one defaulted credit card that I need to make payment arrangements. Of course to offer monthly payments I need to know how much I can afford. I better figure it out quick before they are finished trying to be helpful.
dj63 is avoiding work.
So he paid a few bills that day. And he hasn’t done much since. He’s worse at this than I am. So today I sorted through all the mail for the past week or so. It was just a big pile of stuff on the other end of the dining room table.
I made a pile for bills. I created a stack of magazines. I had a bag for items that need to be shredded and a waste basket for the generic junk mail. Then I took all the bills and put them in a pouch. I carried them to the library with me today. I intended to make a list of the bills. But I didn’t get to it.
The intention is to make a list of the bills. Then take inventory of the available money and decide what gets paid when. It’s not that hard, it’s just bleak and neither of us wants to get that stressed out. Tuition is due at the end of the week, most of the bills are behind. And we have no clue what we’re going to do. I’ll figure it out, I guess.
dj63 is avoiding work.
My husband started stressing out about the bills. I threw up my hands and told him that I can’t take care of everyone and everything. It’s time for him to take them back. I’ve been in charge of the bills for almost a year now because I didn’t like the way he was doing them. But I’m no better.
But man, it feels good to have that off my shoulders. Truly, I have enough. What with work, school and a drinking habit. Who has time for much else????
He feels better too. At least now, he said, he knows what the picture is. (Happy to oblige.)