Tips On How Not to Act When in Financial Trouble
At college orientation we were told to look to our left, then look to our right. It was a graphic example of how few people actually graduate once they start their higher education studies. When I moved into the dorm, perhaps my floor was different than others - or maybe it’s because I did live on campus and we had a longer college life span - but most of my neighbors actually DID finish college.
Why do I talk about this? Because in today’s economy you can look to your left, then look to your right. These are the people who today are having financial trouble. You might even look in the mirror and see yourself experiencing the throes of economic despair.
Former mortgage collector Kyle writes over at Suburban Dollar that there are definitely things you should NOT do when you are behind on your bills:
The crazy thing about it is honest is always the best policy. The debt doesn’t disappear magically so it something that you are going to have to take care of. People have multiple different ways they try to cope with being behind on a bill, most of which aren’t going to do anything but hurt you. The most common ways people deal with being behind are by avoiding it, lying about it, not taking it seriously, being a jerk about it, or allowing it to affect their personal life.
This whole site about managing your suburban dollar is great. For example, today’s post is about the hidden costs associated with buying a home,
You move in and start to arrange furniture the way you want and get things situated exactly right. Then once the couch is perfectly positioned you go to plug in the cable box only to realize there isn’t a cable, there is no wall plate, and all you have is black box that flickers. This is when the sleeper costs start to really add up.
I have a closing tomorrow with some first-time homebuyers who are just adorable. I think I’ll give them a link to this very informative, interesting site.
