What To Pay When During Financial Struggles

According to Gail Cunningham of the National Foundation For Credit Counseling, when you’re struggling financially and can’t pay all of your bills, prioritizing which expenses get paid first can give you peace of mind during hard times. Cunningham says paying for living expenses, such as rent, mortgage payments, groceries, utilities, medicine, insurance, and gas, should be top priority. After that, pay car or home equity loans, then credit card bills. Cunningham stresses that you have to pay all of your bills and skipping any payment will reflect on your credit score. She recommends working with lenders and service providers to lessen costs and work out better repayment plans, if possible. More tips here.

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