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What To Do When There’s Not Enough Money to Pay All the Bills (Podcast)

What to do when theres not enough money to pay all the bills podcast

When there’s not enough money to pay all of the bills, we can end up making emotional decisions that make our situation even worse.  I’ve been on both sides of the collections equation – I used to work as a collector for Citibank and I’ve had times in my life when collectors were calling me.  I understand how stressful and confusing it can be when you don’t know how to pull out of the downward spiral.  I’ll discuss how to prioritize your obligations, taking care of your “4 Walls,” and how the Pro Rata plan works.  Even if YOU aren’t in a collections situation, it’s likely you know someone who is and can use this important information.  Listen to the Podcast Here.

 

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Christine Luken
 

Click Here to Leave a Comment Below 25 comments
lisa - March 3, 2015

We have had those days in the past. I do not miss the stress of wondering how all the bills will be paid or when they will be paid!

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Robin (Masshole Mommy) - March 3, 2015

Lucky for us, my hubby & I have about enough in the bank to cover us for a year if anything were to happen.

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    Christine Luken - March 3, 2015

    Same here, Robin! It’s a good feeling, isn’t it? 🙂

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Laura Funk - March 3, 2015

Awesome Podcast. Fortunately we are in a good financial place now, but it hasnt always been that way. Medical collectors are THE WORST!

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Lorane - March 3, 2015

Its always good to have something saved up for rainy Days to last for 6 months to a year.

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IttyBittyFoodies - March 3, 2015

Thanks for an informative podcast. Being financially savvy is something I’d like to pass on to my children too.

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maria @ close to home - March 3, 2015

Thanks for the tips we have not been in this situation but do get stressed and seem to get emotional about these financial decisions.

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Linda Manns Linneman - March 3, 2015

Thank you for sharing this useful information. I know there has been a time in my past when I could have really used this information badly. It is always nice to learn something new

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Laurie - Steals and Deals for Kids - March 3, 2015

Oh gosh……I remember those stressful days of never wanting to answer the phone because I knew it would be a bill collector!! I’m so glad that I don’t have to live like that anymore!! Thanks for the great podcast!

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Mama to 5 BLessings - March 3, 2015

Thankfully I have not been there and pray that I am not. Sounds like a great podcast.

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Jess Weaver - March 3, 2015

I am sure everyones fincial status changes at some point or another! Great Podcast!

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Jess Weaver - March 3, 2015

I am sure everyone financial status changes at some point or another! Great Podcast!

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CHRISTY KARCH - March 3, 2015

I like podcasts, can listen anytime anywhere. I try to make sure I do not have to worry financially but sometimes things happen.

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Censie - March 3, 2015

Thankfully we have not experienced this but have had months where it is VERY tight.

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Christina - March 3, 2015

Very informative! It’s so important to be financially responsible.

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Rosey - March 4, 2015

How cool that you offer a unique perspective in that you used to work for a collector! I’m sure your insight will be most welcome for many! I am stressing the importance of financial responsibility to my kids so they don’t learn the hard way like I did once upon a time.

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Debbie Denny - March 4, 2015

Good info. Have been there when just not enough to cover everything.

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becca - March 4, 2015

I’ve been on both sides and have even filed bankruptcy in the past. It is very stressful.

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Crystal - March 4, 2015

I’ve unfortunately been there in the past. It’s tough!

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Ashley @irishred02 - March 4, 2015

I remember the days when as a college student it was impossible to pay bills.

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Kelly @ Texas Type A Mom - March 4, 2015

Great tips! Financial security is so freeing when you find a way to get ahold of your finances.

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Lexie Lane - March 5, 2015

It’s nice to be able to get expert tips like this, especially from someone who knows how it works from the inside! Thanks for the tips!

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Melissa Vera - March 5, 2015

We have had those days in the past. Pay the bills you have to first and whatever is left over spread it around.

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Janeane Davis - March 6, 2015

Most people will experience financial hardship of one kind or another at some point in life. It is important to develop a plan for those difficulties before they arise.

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