MU Extension MU Extension       University of Missouri    ●    Columbia    ●    Kansas City       Rolla     ●    St. Louis

MissouriFamilies.org - Money Matters - Consumer Action

 

Finance Quick Answers

 

 

I have had a drop in my income and cannot pay all of my bills. How do I prioritize which ones I pay first?


Prioritize bills by which is the most important. At the top of the list, should be bills that:
 

  • Maintain shelter (rent or mortgage);
  • Maintain vital services (utility, phone, transportation insurance);
  • Cost the most to postpone (bills with late penalties, repossession or disconnect/reconnect charges); and
  • May be vigorously collected.


 

 

Source: Barbara Rowe, Plan to Pay Creditors and Protect Family Welfare, Utah State University Extension, FL/FF-I-06.

 

 

 

 

 

 

 

 

 

 

 

 

Can't Find Your Question Here? Try Searching Our Quick Answer Knowledge Base

Last update: Monday, July 28, 2008

 

 

 


 
University of Missouri logo links to http://extension.missouri.edu

Site Administrator:
mofamweb@missouri.edu 
Copyright  ADA  Equal Opportunity


MissouriFamilies is produced by the College of Human Environmental Sciences,
Extension Division, University of Missouri-Columbia