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How to Lower Your Bills

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From Quick Guide: Debt Elimination Checklist

Summary: If someone's bills are too high, they need to develop a budget and make a point of getting rid of their debt as soon as possible. Lower bills by getting a second job with advice from a registered financial consultant in this free video on money management.

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By Patrick Munro
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Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

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Video Transcript

"This is financial adviser Patrick Munro talking about how to lower your bills. If your bills are too high, you need to sit down and develop a budget and make a point of retiring your debt as soon as possible. If you need more money to do that, then get a second job until the debt is retired to a point where you can drop the second job and maybe go back to a point of sanity. How to lower your bills to make sure you don't get into too many bills in the first place and to do that you need to develop that budget. To do so, you need to set aside your ledger, manual or computer wise and put in your fixed accounts that are liabilities as well as your variable accounts and identify which ones on the variable side that you're going to retire. You can't retire fixed expenses because obviously you need those such as rent and mortgage payments, those are constants in someone's life. So that's an important situation to look at. This is Patrick Munro, financial adviser talking about how to lower bills."

eHow Article: How to Lower Your Bills

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