Many consumers find themselves juggling numerous bills, each with different due dates and amounts, making it challenging to decide which one to pay first.

Our friends at Community Savings, a Jersey charity dedicated to helping those experiencing financial difficulties, understand the importance of prioritising bills, and offer the following advice to Islanders on how to tackle this common financial challenge.

1. START WITH HOUSING BILLS Your home is your sanctuary, and ensuring that you have a roof over your head should be your top priority. Begin by focusing on the following housing-related bills: • Rent or mortgage payments: Paying your rent or mortgage on time should be your absolute priority. Failure to do so could lead to eviction or foreclosure, which can have devastating consequences on your living situation. • Utility bills: Electricity, water and gas bills are essential for maintaining a safe and comfortable living environment. These should be paid promptly to avoid disconnection.
2. CREATE A BUDGET To make the process of prioritising bills easier, create a monthly budget that outlines your income and expenses. Allocate funds for housing costs, utilities, groceries, transportation, and other necessities. Having a clear financial roadmap will help you stay on track.
3. BUILD AN EMERGENCY FUND Building an emergency fund can be a lifesaver when unexpected expenses arise. Aim to save at least three to six months’ worth of living expenses. This fund can act as a safety net to cover bills in case of emergencies.
4. NEGOTIATE PAYMENT PLANS If you’re struggling to meet all your financial obligations, don’t hesitate to reach out to your creditors or utility providers. Many are willing to work with you to create manageable payment plans, or offer assistance programs for those facing financial difficulties.
5. SEEK PROFESSIONAL HELP If you find yourself overwhelmed by debt and struggling to make ends meet, don’t hesitate to seek professional financial advice. Organisations like Community Savings offer budgeting advice and financial mentoring to help you regain control of your finances.
6. AUTOMATE BILL PAYMENTS Consider setting up automatic bill payments for your housing-related expenses. This ensures that these crucial bills are paid on time, reducing the stress of managing multiple due dates.

CONTACT COMMUNITY SAVINGS

Call on 737555 Email: office@communitysavings.org.je