#92: Help! I Can't Pay My Bills

Apr 5, 2020

About the Episode: 

• Today, we’re talking about what to do when there just isn’t enough money. What do you do? How do you decide who gets paid first?  
• We’re also sharing a gift you could give high school and college students to teach them about money before they enter the real world. 

Resources:
Grad Special
IWBNIN FB Live: COVID-19
COVID-19 Resources
TOOLS: Budgeting
EBOOK: Help! I Can’t Pay My Bills
IWBNIN Ladder
0% Balance Transfer Credit Cards

Verse: “For we do not have a high priest who is unable to empathize with our weaknesses, but we have one who has been tempted in every way, just as we are—yet he did not sin. 16 Let us then approach God’s throne of grace with confidence, so that we may receive mercy and find grace to help us in our time of need.” - Hebrews 4:15-16

QUESTIONS TO ASK:

1. What was the cause of this situation?
2. Is this an INCOME or an OUTGO issue - or both?
3. What are the required debt payments?
4. Is there something that can be sold?
5. What expenses can be stopped?
6. How can INCOME be increased?

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 02: Budgeting With Irregular Income
Episode 29: All About Budgeting
Episode 45: Graduation - Now What? 
Episode 63: 0% Balance Transfer Credit Cards
Episode 83: Money Saving Tips
Episode 85: Dealing With Financial Anxiety
Episode 91: 10 Financial Steps You Can Take Right Now

Email [e-mail] to ask questions or share success stories.