Welcome to the latest series - "Help! I Can't Pay My Bills."

This is a series written for those who are struggling mightily with their finances and tough decisions are being made about who will be paid and who will not be paid. It is my hope that this series will provide practical steps that can be taken to walk out of this situation and into financial freedom.

Part 1 Prepare a written spending plan

There is so much power in a written spending plan! I never realized where all of my money was going until the day that I began planning my spending.

You might say, "But Joe, I know that the outgo is more than my income so why should I even bother with preparing a spending plan?"

I would respond with this answer. "It is hard to slay a dragon if you do not know how many heads it has!" A spending plan will ensure that you know the ACTUAL situation instead of the IMAGINED situation.

So go ahead and prepare your plan - even if you know it is going to be awful. This is the start of your journey to financial freedom!

You can use the free budget tools