The check book empties before the month ends.
Despite the black hole that has become your wallet, creditors still demand to be paid.
It can be frustrating, depressing, and embarrassing.
But it happens.
The tougher the economy grows, the tighter things become.
Stretching possibilities shrink.
You do what you can do but even what you do may not seem to be enough at times.
How you deal with these tough times will be the difference in having payment worries and having payment "make it work" moments.
Tips for Dealing with Car Payment Troubles - Analyze the situation.
Look for new ways to cut expenses (if possible).
Look for new income producing opportunities.
Small amounts can add up to big amounts that give you what you need to make the payments.
- Be upfront with the creditors.
They will call and when they do just tell them the truth of the situation.
Being open and honest can make it easier for the creditor to work out help for this situation.
- Pay as you go.
The larger payments can be difficult to find when things get extremely tight.
Many companies will allow you to make smaller payments along the way until you reach your monthly goal.
Remember, small amounts can add up fast.
- Set the date.
You know when you have the most money in the bank, and that is the time to schedule your payments.
Many companies will let you set your own payment date.
Choose a date that works for your income schedule.
- FOLLOW a budget.
The most important step to dealing with car payments or financial woes is to follow a plan.
The best way to follow a budget is to set one up that works specifically with your needs and income.
Sit down with a financial planner or a mentor to develop the plan that you will follow consistently.
Things get in the way of the plans we make - circumstances come up, or emergencies arise.
Despite the bumps in the road, it is a choice to keep moving.
Finding the right companies that will work with you during these times of trouble can be vital to staying on track.
Remember that little things add up (in a good way or in a bad way), so keep an eye on those little things.
Always be honest, with self about the journey and with others about the circumstances.
And finally, make a plan for making your car payments and other payments and then stick to that plan.
Even when things happen, you can make a way do deal with them and keep your car payments and other expenses under control.