2193: What To Do When You Can’t Pay Your Bills by Michelle Schroeder-Gardner

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🗓️ 4 February 2023

⏱️ 8 minutes

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Summary

Michelle Schroeder-Gardner of Making Sense of Cents tells you what to do when you can't pay your bills Episode 2193: What To Do When You Can’t Pay Your Bills by Michelle Schroeder-Gardner Michelle Schroeder-Gardner created Making Sense of Cents in order to help improve her own finances. With diligence, she was able to pay off $38,000 in student debt in 7 months, kept track of progress, and helped readers along the way. She's currently touring North America and living out of an RV. You can learn more about her and see her monthly income reports at MakingSenseOfCents.com. The original post is located here: https://www.makingsenseofcents.com/2016/02/what-to-do-when-you-cant-pay-your-bills.html Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2193.
0:04.7	What to do when you can't pay your bills?
0:07.2	Buy Michelle Schroeder Gardener of MakingSenseOfSense.com
0:11.3	And I'm your host and personal finance enthusiast, Diana Mariam.
0:15.6	We're going to get right to today's post as we optimize your life.
0:23.6	What to do when you can't pay your bills?
0:26.2	Buy Michelle Schroeder Gardener of MakingSenseOfSense.com
0:31.2	Wondering what to do when you can't pay your bills can be a horrible feeling.
0:35.3	You may feel stressed, tired, angry, along with a thousand other emotions.
0:40.6	Falling behind on your bills can also impact many areas of your financial life.
0:45.3	It may lead to late fees, interest charges, high interest rates when you need a loan later
0:50.6	on, a damaged credit score and credit report, non-stop calls from collection agencies, bills
0:57.2	piling on bills, piling on bills, and debt.
1:01.7	You may have fallen behind on your bills due to many different reasons.
1:05.4	You could have recently lost your job, taken a pay cut, or had surprise expenses pop up.
1:11.1	Whatever your reason may be, there are steps you can take to get back on track.
1:16.6	Here are my tips on what to do when you can't pay your bills.
1:21.1	Number 1.
1:22.1	Don't Ignore the Problem Ignoring the problem isn't going to help
1:26.5	you at all.
1:28.1	Many people get extremely stressed about being unable to pay their bills, which can lead
1:32.4	to completely ignoring the problem in hopes that it will go away.
	...

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