Booklet

author

Bola Sokunbi

Finance & Accounting

What to Do if You Can't Pay Your Bills

What to do if you can't pay your bills:

• Prioritize what's most important i.e. food, medicine, transportation, housing etc.

• Scale back on non-essential spending.

• Meal plan, switch from brand name to generic, etc.

• Communicate with utility providers, landlords and lenders as soon as possible.

• Get creative to earn income; What skills can you monetize? What can you sell? What jobs can you do? Step out of your comfort zone.

• Prioritize emergency savings as you work through your plan. As you start to earn, start to save too.

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