When money is especially tight, it can be hard to see past the mountains of bills and figure out what bills are most important and what bills are something that can be delayed or even cancelled in order to save money.

First, get a list of all your bills and rank them from the most important to least important. For example, your mortgage or rent should be at the top of the list. Then print out this worksheet (free from MomsBudget) and write them down in order from the most important to the least important with the total owing each month.

Then, starting at the bottom of the list, with the bill you deemed least important on the list, determine if it is something you really need, or if it is something you can cancel or reduce. If you only watch television once a week, consider dropping back from the premium cable plan to the basic one, or cancelling all together. You would be surprised at the things you can cut or reduce from your budget by looking at it from this perspective.

Prioritize Monthly Bills Use this worksheet so you can track your monthly bills and prioritize them so you don't accidentily run out of money before the most important bill is paid.