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    In this article we're going to discuss money management and how it applies to paying bills.

    A lot of people might think that money management and paying bills is a contradiction in terms, and in a sense it is. The truth is, if you have a bill that has to be paid then it has to be paid, money or not.

    However, having said that, there are things you can do with managing your money to give yourself the best chance of paying those bills. It just takes a little bit of thought and a lot of discipline.

    To start with, if you have a steady job that is half the battle right there. Good salary or bad, at least you know each month what you're going to be bringing home. From there it's simply a matter of making a list of your constant expenses such as rent or mortgage. Those are the things that don't change from month to month, at least until your lease expires and the landlord raises your rent or there's not enough escrow to cover your taxes and your fixed rate mortgage suddenly goes up a hundred bucks a month.

    The best way to illustrate how to do this is with a fictional example.

    Let

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    th is, if you have a bill that has to be paid then it has to be paid, money or not.

    However, having said that, there are things you can do with managing your money to give yourself the best chance of paying those bills. It just takes a little bit of thought and a lot of discipline.

    To start with, if you have a steady job that is half the battle right there. Good salary or bad, at least you know each month what you're going to be bringing home. From there it's simply a matter of making a list of your constant expenses such as rent or mortgage. Those are the things that don't change from month to month, at least until your lease expires and the landlord raises your rent or there's not enough escrow to cover your taxes and your fixed rate mortgage suddenly goes up a hundred bucks a month.

    The best way to illustrate how to do this is with a fictional example.

    Le

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    It just takes a little bit of thought and a lot of discipline.

    To start with, if you have a steady job that is half the battle right there. Good salary or bad, at least you know each month what you're going to be bringing home. From there it's simply a matter of making a list of your constant expenses such as rent or mortgage. Those are the things that don't change from month to month, at least until your lease expires and the landlord raises your rent or there's not enough escrow to cover your taxes and your fixed rate mortgage suddenly goes up a hundred bucks a month.

    The best way to illustrate how to do this is with a fictional example.

    Le

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    inging home. From there it's simply a matter of making a list of your constant expenses such as rent or mortgage. Those are the things that don't change from month to month, at least until your lease expires and the landlord raises your rent or there's not enough escrow to cover your taxes and your fixed rate mortgage suddenly goes up a hundred bucks a month.

    The best way to illustrate how to do this is with a fictional example.

    Le

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    d raises your rent or there's not enough escrow to cover your taxes and your fixed rate mortgage suddenly goes up a hundred bucks a month.

    The best way to illustrate how to do this is with a fictional example.

    Let's say your monthly salary is $3000 after taxes. That's what you bring home. That's what you have to spend. A certain portion of that goes for what we call fixed expenses. Those are things that you have no choice but to pay for each month.

    To simplify this, let's say these are the items that you must pay each month.

    Rent - $700 Telephone - $50 Gas and Electric - $100 Insurance Payments - $200

    That gives us a fixed expense of $1050.

    Then we have what we call semi fixed expenses. These are items that we have to pay each month but what we pay is really within our control to some extent.

    These include...

    Gas For Car - $80 Groceries - $320 Total semi fixed expense of $400 a month.

    So now are expenses are up to $1450 a month that we pretty much can't get away from.

    Then we have our variable expenses. These are mostly the things

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