PUBLICATION W1018B

Who Gets Paid First?

Publish Date: September 15 2021 |  Language: English

DOI: doi.org/10.7290/UTIAPub/W1018B

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Summary

Guidance for paying bills when money is short helps households decide what to pay first during a financial crisis. It recommends focusing on essentials such as food, housing, utilities, medicine, and transportation, then legal obligations, and then consumer debt. It also explains how to contact creditors, look for other resources, and avoid costly short-term borrowing when possible.