Avoiding paying bills or allowing them to mount up is like knowing that you have an illness that is in fact treatable and refusing to do anything about it.
If we could avoid having bills in the first place, that would be wonderful, however, the very essence of life as we know it determines the fact that we will all at some stage on our lives have some type of debt.
We all need a home to live in and a car to drive to work but that’s as far as “good” debt gets. If you have more than the aforementioned than chances are you are not only struggling to stay on top of your debt repayment but that you're behind on some, if not all of your payments.
This is when it’s time to start working on a good debt management plan to get you out of debt as effectively and timorously as possible.
There are many ways that you can better manage your debt – from using 0% interest credit cards and applying for a balance transfer card to paying off the high interest debts before the rest.
If you're having trouble making your minimum payments contact your lenders as soon as possible – they will almost always agree to alter the original loan terms to avoid having you default on you loan completely.
You always have options; you just have to choose to seek them out!
If you're not in any serious trouble with debt you should still take the time to prioritize your debts and find a way to pay more than the minimum amount each month because the longer you take to pay off your debt, the more interest you’ll be charged.