How To Pay Off Bills With No Money in 2021: The Definitive Guide

How to pay off bills with no money

Are you struggling with a cloud of outstanding debt over your head?

If this is true, chances are you are trying to find a solution on how to pay off bills with no money.

Despite being a topic that many people are interested in, it is not something that is discussed in details by many financial bloggers.

And here's the good news:

In this article we will show you the exact step-by-step strategy on how to get back on track.

Believe it or not, taking control of your finances is not as hard as most people make it out to be.

With a proper action plan, you could be on your way to living life debt-free life.

So, you want to learn how to pay your bills with no money?

Keep reading...

Table Of Contents:

Let's dive in:

Chapter 1: Understand That Proper Budgeting Is Key To Getting Out Of Debt

proper budgeting

Let's face it:

When trying to get ahold of your own personal budget, it is imperative that you take a look at your current budget.

Many people think that they can get by without setting a strict budget.

This is simply not feasible if you are doused in debt.

Think about it:

The reason that you have found yourself in this position is because your spending has exceeded your budget.

Whether you like it or not, you must have a budget for all your expenses.

In essence, if your bills are adding up and you are wondering how you can pay them off, you need to redo your budget.

Here are the reasons budgeting will help you pay off your bills (even with little or no money):

These posts explain a lot:

Chapter 2: Do A Personal Audit Of Your Finances

There is no argument about whether humans act based on their habits, or based on what's right.

If you are stuck in the habit of going through each day, not being worried about your budget and financial situation, you will find yourself in a great struggle shortly after.

In order to take control of your finances, it's recommend that you do a personal audit of your finances to see where you are today.

Try to answer the following question:

Can you tell me exactly what your monthly spending adds up to on average?

Not able to answer this question?


You NEED to get back on track.

And auditing your personal finances is a big step towards paying off your bills.

Here are a couple quick tips when doing your personal audit:

These articles will teach you how to perform an audit of your finances:

Chapter 3: How To Make Money In 24 Hours

There are many opportunities out there that can help you earn quick cash.

But beware:

Although there is a great deal of information about how to make money quickly, you must tread carefully.

You can find yourself in a trap of 'get rich quick' schemes which will want your payment up front before they teach you how to make money.

Generally, if it sounds too good to be true, it is.

This should not scare you away from performing some tasks in exchange for money.

If you currently have no money saved up, and need to pay off some bills, doing a few odd jobs can help you get some quick cash to pay them off.

In our opinion, here are some of the simplest ways to make money fast:

More great ideas:

Chapter 4: Pay Only For Essential Expenses

The simple truth is:

In order to get ahead you are going to have to cut costs across the board.

Earlier in the article we discussed setting your budget. You should have identified all of your bills and essential expenses.

Once you know what your essential living expenses are likely to be month-by-month, you can begin to focus on spending LESS than this number.

For instance, cut out expensive habits like drinking bottled water, eating out, paying interest on credit card bills, and more.

After you cut out these non-essential expenses, you can watch your savings account soar!

Even if you do not have any money right now, you can start saving up by eliminating unnecessary expenses.

And perhaps you can use that money towards paying your bills.

Our favorite articles on this topic:

Chapter 5: Renegotiate Student Loans and Medical Bills to Reduce Payments

There's no denying that student loans can literally drain your bank account.

But here's the secret:

You do not have to pay right away.

You have options.

First, you should take a look at your repayment schedule.

If you're working somewhere then you may be considered eligible for deferred payments.

In fact, if student loans are putting a great financial burden on you, some lenders may be willing to work with you.

Besides deferring your payments, there is another option that you can opt for:

You can substantially reduce your monthly repayment, if you are able to come up with a lump sum payment.

Many times, this does not work out for most of us.

But it could be worth a shot, if you are in a position where you can borrow money from somebody.

Medical bills are another story.

After you've racked up medical bills, you may be stuck in a situation where you have no way to afford these bills.

Hospitals and doctors offices are used to dealing with these situations.

Get in touch with the company who you owe money and explain your situation to see if they can come to your rescue.

Great tutorials:

Chapter 6: Understanding The Consequences of Nonpayment & Prioritize Your Payments

Monthly bills add up quickly.

Sometimes, there are bills which you simply cannot afford to pay on time.

When this happens, what do you do?

The #1 thing that you consider is which bill will have the most negative consequences if you do not pay right away.

Take note of what the potential ramifications could be if you cannot pay the bill by the due date. You must understand the fact that secured loans are much more important than other types of loans.

In short, secured loans could land you in hot water if you continue to not pay.

Remember that there could be serious consequences if you do not pay certain bills.

You may be subject to:

You can avoid these consequences by choosing to defer payments on bills like your cell phone, internet, or gym membership.

It's always great if you can inform the company you are unable to pay.

Many companies will allow you to pay late without consequence, or at worse you may get dinged a small late fee.

Link to Resources:

Chapter 7: Talk To Creditors To Negotiate New Payment Plans Or Reduce Payment Amount

Out of many different solutions to get control of your debt, this is probably the most significant.

Like we've explained before, your monthly expenditures need to be less than your monthly cost of living.

But if your bills add up to be higher than your income, how can you possibly save money?

There's still an option:

You can save by getting some of your creditors to lower your monthly payments.

Negotiating lower payment amounts could be, at times, the difference between filing for bankruptcy and NOT filing for bankruptcy.

There are a number of different loans that may allow you to renegotiate monthly payments:

These posts will help you become a PRO of negotiating with creditors:

Chapter 8: Credit Counseling & Debt Negotiation


There is no secret to managing your finances.

And there's no denying that getting out of debt may not be easy.

In fact, many people cannot find their way out of debt without assistance.

And for those who need a bit of extra mentoring, credit counseling is available in your neighborhood.

Credit counseling agencies essentially provide financial education services so that you can learn about credit, debt, bankruptcy, and more.

If you are struggling to meet your monthly bills consistently then you may benefit from consulting a credit counselor.

A credit counselor will try to fix all of the problems with your credit, and find the best plan of action to reduce monthly payments, consolidate debts, and take control of your finances.

And the best part is credit counseling could potentially be FREE.

Do your research and find out which companies in your city are offering credit counseling for free or rock-bottom prices.

Even more information on credit counseling in these great articles:

Chapter 9: Consider A Payday Loan - Learn What To Expect

Payday loans might be something that you could have never though of taking a dig at. Regardless, if you are in a position where a payday loan could help, and it seems logical, then by all means go for it.

Sometimes, you may find yourself in a position where you just need $300 to make it to the next week and don't want to go through a hard credit check - an online payday loan could be the solution to this issue, and only cost you about $45 out of pocket, assuming a 15% payback fee.

Are you certain that you will have the money to pay them back quickly? Then a payday loan could be just about right for you.

More information on payday loans:

Final words:

What do you do when your bills pile up?

You begin changing your spending habits and work on your budget.

In this article we've shared with you several different solutions to help you pay your bills without money.


Financial freedom is not too far away. Once you proactively figure out your exact monthly living expenses, and set a strict budget you are on your way to living a debt-free life.

Now that you are armed with the knowledge, you can take a few deep breaths and start working towards fixing your finances.

You should start following this article as a guide to start living a debt-free life.

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