Have you had trouble paying your bills? Are you afraid of losing what you have worked so hard for? Because of the economy, most families are struggling. Almost everyone has been at this point at some time in life. There are many reasons why you might find yourself in this situation whether it is because of overspending or maybe even through no fault of your own, such as illness or job loss. Bill collectors and creditors look at it all the same.

Get your finances back on track. Begin by taking a realistic look at your financial situation. Write everything down. Make a list of all sources of income. Next, make a list of all necessary expenses paid out monthly, such as mortgage or rental payments, car payments, light and telephone expenses. Last, write down additional expenditures over and above the necessary items such as money spent on eating out or on clothing you really didn’t need. Make sure you list everything even if you believe it is of no importance.

Prepare a budget and stick to it.  Set aside money for the necessary expenses and put back any money left over. After several months of sticking to your budget, you will find that you have saved a little extra money and can take the family out to dinner and a movie. Then, you can truly enjoy your night out because you saved up for it and you don’t have to worry about where the money for the light bill is coming from.