Author: Kentin Waits / Source: Wise Bread
You’ve worked hard. You’ve hit your career goals. Your salary has never been higher. Still, at the end of the every month, you break into a cold sweat worrying if there’s enough money to go around. Why, at this point in your life, does bill paying still feel like a painful game of financial Twister?
It’s time to get to the root of the problem. Here are six reasons you’re still struggling to pay bills.1. You don’t have a budget
Budgets are how people anticipate their expenses and allocate their spending. Without this essential framework, your financial life will look a lot like the Wild West — filled with drama and boom and bust cycles (and probably too many saloon scenes). If you’re making late payments or missing payments altogether, it’s time to build your first budget, cowboy.
2. You have too much credit card debt
With astronomical interest charges, late fees, and other penalties, credit card debt leaves millions of families strapped for cash year after year. If you’re struggling to pay your bills each month, take a hard look at your credit habits. How much of your income is devoted to servicing debt? Are you barely covering the minimum payments or racking up new charges? If so, grab a shovel. It’s time to dig yourself out of high-interest credit card…
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