Tuesday, March 18, 2008

My System Pays Your Bills Fast






It may seem a little strange that I'm going to tell you how to pay off your bills fast.

You're probably wondering why there's no immediate connection to playing lotto.

Well, there is, and here's the reason...

The quicker you pay your bills off, the more money you'll have over for playing lotto. And the more lotto games you play, the better chance you have of winning.

That wasn't so strange, was it? Okay, let's get started. There are only five easy steps to take:

STEP ONE
Collect all your unpaid bills together. Put them in a pile on your kitchen table. Make sure they don't include any Essential Expenses (see Step Three).

STEP TWO
Separate the urgent bills in one pile. Arrange the rest in another pile, graded from smallest to largest amounts.

STEP THREE
You'll need to find out how much money you have left from your pay, after you deduct Essential Expenses like:
- rent or mortgage
- electricity and phone
- hire purchase or card payments that can't wait
- running money ... gas for your car, tickets for the train etc
- etc

STEP FOUR
Add up all these Essential Expenses, then take away that total amount from your Income. Like this:

Your Income: $1,000
Essential Expenses: $700
-------------------------
Total Over: $300

The Total Over is your bill paying amount.

STEP FIVE - BILL PAYING
1. Take your pile of urgent bills and using the bill paying amount, pay as much of these urgent ones as you can first, but pay off the SMALLEST bill first.

2. When you have finished this one, then pay the next smallest bill.

3. Continue until your bill paying money runs out.

Repeat each payday until your bill are paid.


Why does this system work so well?

The secret is that you are making faster progress by paying the small bills first. This gives you extra incentive because you can see these bills are reducing quickly.

Gradually over time (and it may not take that long either), you will have more and more *bill paying* money available each payday.

The larger bills eventually won't present any problem because the evergrowing bill paying income will pay them off quicker.

It's a system which will tidy up your bills far quicker than you'd ever imagine.

Try it!

Let me know how you get on.


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