Step #4 – How does it shake out?
Take the amount you wrote down from your account balance and subtract out what you NEED until payday for groceries, gas, diapers, etc. Notice I said NEED! This new balance is what you have to work with for this next step.
Look at the amount, is it as much or more than the highlighted amounts from Step #2? If so, stop and right out the checks to pay all of those amounts – you are in a good place! Now wait for the rest of us!
If the amount you came up with is NOT as much or more than the highlighted amounts from Step #2, you have a bit of work to do here. Take a look at the items highlighted. Are there items that can be extended? For example, can you call your electric company and get an extension or work out a payment plan? Once you have worked out arrangements with those that you can, re-examine the shake out. If you are now good, write out the checks and hang out for a minute. If you still don’t shake out even or ahead, you will have to make some tough choices. Decide your priorities. If something can’t be paid, what can you live without? Personally, I would let my credit card go unpaid before I lost my electricity. Make those hard decisions and pay what you can NOW.
You still have enough money left for your necessities until pay day, right?! Now, take a deep breathe and release. You just completed the yucky part of getting in balance!
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