After researching my personal bills(mortgage, power, cell phone, etc), the companies are allowing a 6 month grace period. I'm holding off on paying any, mainly because I don't know what's going to happen and I'd rather not run out of money for food.
Is anyone else skipping some bills in the coming months?
Ah, no.
First, you have to eat. Then, you have to pay your bills. And you have to keep you car running.
Then whatever is left is what you have to spend and you should save some of that for the long term in a tax deferred account if possible.
Now I certainly realize if you lose your job you are not in the best financial shape and may need some help. But you probably are eligible for unemployment compensation for 6 months, and there should be extensions beyond that in this case.
Utility companies have always had help available for people in need and I would call them and let them know in advance, if necessary. I see messages to that effect on the fine print of every utility bill.
Mortgage companies will also work with you as well as car lenders. And now, they are well aware that there are widespread problems incoming.
And after all that, you should still try to avoid winding up in debt over simple monthly bills that piled up for months because you'll eventually be expected to pay. And later on down the road you won't want to pay for what you used months ago AND what you're using currently or you'll never get ahead.
Try to keep up. Or partially keep up. Put off everything and you'll be sorry later unless you can work unlimited overtime later, and don't mind less personal time because you're 'living' at work on OT.
And you never know when you might break a leg or something and be in another bad situation later.
Work ahead, not from behind.
Good Luck, we could all use a little right now. Things may work out better than projected.
And spend $1 on a lottery ticket once in a while. Somebody has to win and it's never me so maybe it will be you.
welcome to TnT my hub was stationed at Yokota for a few years.
