Do you borrow money to pay bills or do youleave them?
By pumpkinjam
@pumpkinjam (8770)
United Kingdom
March 3, 2008 1:36am CST
When you have nothing and there are bills to pay, do you borrow the cash to make sure they're paid? Or do you wait (through choice or necessity) until you have the money to pay them.
I tend to prioritise my bills. For example, electricity and gas are at the top and get paid on time. Then anything that I will get charged a late payment for and then anything that I don't consider that important will come last and be paid when I've got it even if it's late.
2 people like this
13 responses
@Cocoa33 (921)
• United States
4 Mar 08
i will leave the bills tlike they are until. i have to pay them. i dont think its wise to borrow money from another source to pay them. it only creates another problem.
the source that you got the money from will want the money back at the certain time, that you won't have funds.
Its like jumping from one frying pan to another. the stress level will go up
1 person likes this
@pumpkinjam (8770)
• United Kingdom
4 Mar 08
That is true I suppose but some people don't have a lot of choice. I only borrow from family so I know they won't be in a rush for it back and I can usually pay back within a week, it's just for those emergencies. But I know some people who have to keep borrowing just to keep on top of their normal bills.
@cydzzj (354)
• Australia
3 Mar 08
I don't think I will borrow money to pay for my bills. If I know I haven't enough money to pay for the next bill, I will reduce the useage about it. Like gas or electricity or water. Or I will use my credit card to pay them. Then try to earn money to pay for my credit card.
1 person likes this
@pumpkinjam (8770)
• United Kingdom
3 Mar 08
I think that's wasier said than done for some people. I know my credit card is about at the limit because it's already been used to pay bills, etc. and you can only reduce usage so far. But what I mean is, if you get a higher bill for example unexpectedly or you just don't have the money for whatever reason. As we don't get bills until after using certain things, we can not cut down until after that bill. If you see what I mean.
@sunita64 (6469)
• India
3 Mar 08
Every month I borrow money from my mom and again when I get my salary I put it back in her account so that I can borrow again from her. This goes on and on but my mom never complains and infact tell me the money is mine only so there is no borrowing thing I can use it as and when needed. Lucky I am isn't it.
@pumpkinjam (8770)
• United Kingdom
3 Mar 08
I sometimes borrow money from my mum. Usually at those times when my bills are due the day before I get paid so I pay my mum back straight away if I can.
My family are good like that, we help each other out. But recently it seems to be me needing the help all the time! That's ok though because they all know that when I can help someone else whether with money or anything else, I will do so.
@cripfemme (7698)
• United States
23 Mar 08
I barrow money for serious bills- electric, phone and weirdly enogh cable (because all mymoney making comes through writing and I need high speed internet for research. Otherwise I'll wait!
1 person likes this
@vipulchawla (2220)
• India
3 Mar 08
Well till now i have never been in a situation where i don't have money to pay bills and yet they are due. It might happen that i don't have enough money n my pocket for the time being just because i didn't get time to get the cash from the ATM . so my friends would pay up the restaurant bill for that time.. But other way round.. i won't like to be in such a situation..I hate borrowing money.. But i won't have any other option to borrow ifi fall under such situation where the bills are due and i don't have money to clear them..
of course i cannot let the bills to remain due..I have to clear them at any cost..
@jal1948 (1359)
• India
3 Mar 08
From the day we are born,we are born into debt.Debt to our parents,to our peers, to society , to the government who mortgages you even prior to your birth, to our religious leaders who compel you to undergo so many rituals even when you are not in a position to fulfill them but imposes upon you dogmas and ritualsin the form of beliefs,etc,etc,so there is nothing wrong in borrowing a few rupees in the time of need, from our near and dear ones .only criteria make sure you payir back within the stipulated time and dont make it a habit.
@bochco123 (594)
• United States
3 Mar 08
If it's a smaller bill, then I will probably wait. If it's a bigger bill or I'm overdrawn in my bank account or something serious like that, I'll tend to ask a friend to borrow some money. Then I try to pay them back as soon as I can, because I'm sure there have been plenty of friendships that have come to an end because of the subject of money.
@bobevanse (36)
•
3 Mar 08
Usually I have the money to pay the bills. If I didn't have the money to pay for them, I would borrow money from my brothers or parents.They are always there ready to help me to pass the difficulties.
@apple55201314 (62)
• China
3 Mar 08
I wont let the bill unpaied until I have money. I will borrow some money from my friends or the bank. I just may feel well when the bill get paid.
1 person likes this
