![]() If you need your car, be sure to pay both your car payments and insurance. ![]() In some states, letting your car insurance lapse can lead to a license suspension or an arrest. You can learn more about the repossession requirements of your state by contacting your State Attorney General or local consumer protection agency.Īdditionally, necessary car payments also include car insurance. If your car does get repossessed, your rights vary by state. Even one missed payment may lead to your car getting repossessed. If you need a car for work, it's important to pay your car payments on time. Ensure you have transportation to your place of employmentĪfter you pay the bills crucial to your physical health, focus on work-related bills. If you can't afford all of your utilities, consider dropping internet service or downgrading your mobile phone plan before skipping other utilities.Ģ. However, sometimes you have a month or more until your services are completely shut off, so pay utilities after you've secured rent. In addition to housing needs, securing necessities like water, heating and electricity is a must for health and safety. Take a look at HUD.gov for more information. Department of Housing and Urban Development (HUD) sponsors housing counselor agencies nationwide that offer free of low-cost assistance to homeowners in need. If you find yourself unable to pay your mortgage for an extended period, it may be time to look into more substantial, long-term solutions, such as refinancing your mortgage or applying for government assistance. Getting back on your feet will only be more difficult if you're unwell. So, it's important to guarantee that you have shelter for the next month by paying your rent or house payments and making sure you have food on the table.Īdditionally, if you require any daily medication or other medical treatment, aim to keep your prescriptions up-to-date and avoid skipping needed care. Your health and safety are the top priority in any tough financial situation. Prioritize the basic living necessities first The bills you choose to pay on time and the ones you decide you can delay will depend on your specific financial situation, but this article can help you organize what you owe and think about which payments should generally take priority.ġ. Thinking through which bills to prioritize when money is tight can make a huge difference to your long-term financial recovery. If you find yourself in a tight spot financially, you may have to make hard financial decisions about where to channel your available resources. While you should do your best to pay your bills on time every month, sometimes, like now, that isn't always possible.
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