Getting financial assistance for necessities does not always solve all your financial problems. There are a host of issues that may continually come forward that you may need to learn how to deal with in order to better your financial position over the long term. Managing your monthly bills can be a major undertaking and learning how and when you can get help is important. Here are five websites that can help in your personal financial management.
The first step in managing your personal finances is to find out what you are spending your money on. Generally you will need to create a budget and set up bill tracking to understand truly how you are spending your money, on what and where. Most banks and credit unions now provide free budgeting software attached to your accounts. If your bank doesn’t, there are heaps of free online apps for this as well.
After you set up your budget you may start to realize that you are paying more in monthly bills than you can handle and will need to service the debt in order to truly get ahead. This servicing is usually called debt consolidation and helps you consolidate your debt into either one manageable monthly lump sum payment to your creditors or multiple lower payments to creditors. Either can significantly lower your overall monthly outflow of cash, freeing up money for essentials.
Bankruptcy or Counseling
If you are unable to get debt consolidation there are still options for you. Understanding how bankruptcy may be an option for you and help you get out from crushing debt can be a positive step forward for some. For others credit counseling may offer a better option and allow you to start managing your monthly bills in a more effective way. Rhe FTC provides a great resource about how to get help with certified professionals.
Become Financially Aware
One of the best ways to better manage your monthly bills is to become more financially aware of your situation and learn as much as you can from personal finance websites that often post great how-to’s, advice articles and resources for better personal finances. Low Income Financial Help is one such website that provides financial advice on a wide range of personal issues from fixing household appliances yourself to how to spend less and save more. The advice is wide and varied and provides a quality lifestyle lesson for living within your means.
Get Real Assistance
Sometimes, no matter what you do, your bills overtake your monthly income. There are a number of state and municipal aid programs that can help you with these bills. From energy bills, property tax, telephone, medical bills, dental care, prescription drugs, food, housing, child care, debt servicing, and even education and job training there are assistance programs.
Sometimes the best intentions and planning are not enough and you need to reach out for real financial assistance; that is what government and non-profit financial aid programs are for.