What to Do Right Now: Prioritize and Protect Yourself

Posted on August 15, 2013 · Posted in Uncategorized


If you can’t afford to pay all your bills, you need to decide which bills you will pay. Choosing which bills to pay can make an enormous difference in your life, particularly if you would like to retain possession of things like your home and your car.

Here’s a list of the order in which you should normally pay your bills when there isn’t enough money to pay them all:


The most important use for your limited supply of money is to provide the essentials for your family. By essentials, I mean food, housing, and medicine. If you don’t provide your family with these things, nothing else will matter. I recommend that you get into the habit of buying these things with your monthly income, not with credit, since using credit this month for the basic necessities means you will have twice the expenses next month.


The two most important secured debts most people have are their home mortgage and their car loan. Your house is collateral that secures your mortgage and your car is collateral securing your car loan.

If you are having financial hardship and are considering filling for bankruptcy, please call Carmichael bankruptcy lawyer at our office at (916) 971-8880 for a FREE confidential bankruptcy consultation.

Click here to fill out our FREE Confidential Bankruptcy Case Consultation form.

“We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”

Law Office of Robert W. Fong

6825 Fair Oaks, Blvd., Suite 101
Carmichael, CA 95608
TEL: (916) 971-8880