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If I had a problem with my finances I'd start out first by sorting through all my business papers and write down on one side of the paper everyone I owe and the amounts.

Then gather your information for income the money that comes in each month.

List all this information on another side of the paper. Total it to show what you have coming in so you know the starting point.

Now add all your expenses everything that is due now or later but money you must pay out each month. Total this and post it on your paper. Hopefully the income is a larger amount than the expenses. If not you have to adjust something to make it work.

You have the beginning to examine your finances. It's just the start but a start!

Look in your phone book and make an appointment with your bank they have people who specialize in helping people organize and if necessary make a loan that pays off your bills. Then you pay the bank back plus interest and you clear the bills.

The main thing now is NO MORE CREDIT CARDS so all you owe is the bank until you pay off the loan. Everyone must use a budget...a list of what you can spend and what you owe so you do not get into financial trouble.

It is not just the finances that it affects it affects your health and stresses you out. The quicker you get your business in order you will find out you can get by with less spending and do things at home that cuts down on your expenses. We see things on TV that makes us want many things but we must be strong and do without until we have the money to buy it. One last thing check with your Credit Bureau to see your credit rating. It's good to know how you stand with the people you do business with they grade you by how timely you pay your bills.

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∙ 14y ago

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