Always pay these seven monthly bills before the beginning of the month

Most Americans are in debt. With the continuous high cost of living and continuous inflation, the budgets are tight, which causes many to rely on credit cards for living expenses and groceries.

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With the high costs that affect everything from housing to cars, food, basic necessities, etc., many of them deal with multiple debts every month, which may make the task of paying them impossible. Determining the priorities of the bills that must be paid is essential, so we have formulated some useful directions to help you develop a monthly payment strategy for expenses.

The presence of a roof over your head should be the maximum priority. Paying the mortgage or rent every month to prevent evacuation or the bank that takes away your home. If you are unable to pay, call your money or lender and have a honest conversation about your circumstances.

“Often, they can direct you towards programs that help home or tenants who are in similar situations,” according to American family insurance. The site explained, “For example, the Ministry of Housing and Urban Development in the United States has resources and programs to help if you are facing a problem keeping pace with the mortgage payments and can help you avoid mortgage.”

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Shelter is a necessity, but you do not want to be in the dark. Paying electricity and water bills is necessary in order to work properly and live in your home. Programs such as Liheap home energy assistance program and a weather assistance program can help in difficult times.

You may not feel that, but grocery prices have started to settle. This does not mean that the cost of food decreases, though. It does not increase at a large rate as in the previous months, according to the US Department of Agriculture. However, many struggle to store their refrigerator and their store while they go away with many debts. Food is not an option, so this bill should be paid, but there are food stores all over the United States can help if necessary.

Depending on the place where you live, you may need a car, so this is another monthly account to set priorities. This also includes insurance. According to Ramsey Solutions, if you have high payments that you cannot bear or you cannot pay your car within 24-28 months, sell it to a more reasonable option is worth considering. “Ensure that the total value of your car or if you have a family, the total value of all the cars you own does not exceed 50 % of your annual salary”, in a recent video clip.