Having debt is not a sin. I’ve been accused of demonizing debt and fear-mongering with my statements on debt, but I believe these criticisms are unfounded. I’ve seen the nasty side of debt and I’m trying to protect you from it. So if you are happy with your debt and don’t ever believe it will be a struggle for you, please stop reading and save yourself some time. You only get 24 hours each day and I don’t want to take the 1% of it or so it might take to work through this article and do what it says. For everyone else, I think today’s article might provide you some useful insight on debt that is rarely discussed.
One of the things I run into regularly in my counseling is someone who truly can’t afford to pay all his/her bills. Whether it is a one-time deal or an ongoing issue, it is an issue with many of you out there. Today I’m going to share my thoughts on how you can prioritize your debts so you can avoid some expensive headaches if (when) something goes wrong. In other words, we’re going to talk about how to make good decisions if something bad happens in your financial situation. The simplest way to do that is to help you determine some priorities when it comes to your bills. Who gets paid if there isn’t enough money to go around? [Read more…]