Make a little 4x4 room and put a fireplace in it. Then, place a bin in front of the fireplace. In the last reaming square you will need to place a door. Afterwards, as fast as possible, quickly get the bills, hold them in your hand, and run in the little room. After awhile the bin will catch alight and so will you eventually. When you die. your bills turn to ash with you. Therefore you will not have to pay them. To return to life, either challenge the Grim Reaper in a fiddle contest or pay him 100 Simoleons. You can find him in the garden near the road after you die.

Go outside and get your bill. Once you get it out of the mailbox, quickly press [Circle]. Do not fast forward. Just before the bill touches the ground, press [Start]. Buy any chair and place it under your bill. Your bill will disappear. You will no longer have to pay the bill. Sell your chair to get your money back.