Debt Tips
Debt Tips

Twenty warning signs of financial trouble

1. You’re always late in paying your bills.
2. Your checking account is frequently overdrawn.
3. You race to deposit your paycheck because you’ve already written checks
that require the money in your paycheck.
4. A small reduction in your income or an unusual expense would make you
unable to pay all of your monthly bills.
5. Your credit accounts are usually at their maximum limits.
6. You apply for more credit cards because you have reached the limit on the
ones you have.
7. You are spending more than 20% of your take-home pay on credit
payments (not counting your rent or mortgage).
8. Your loan or credit card balances stay the same or go up each month.
9. You can make only minimum payments on your revolving charge
accounts.
10. It takes you 60 or even 90 days to cover bills you once could pay monthly.
11. You don’t have a savings account, or have stopped making deposits to it.
12. You are always worried about your debts.
13. You argue with your spouse or partner over bills.
14. You’re still paying off purchases you made a year ago.
15. You use savings or credit cards to cover everyday living expenses, such
as groceries.
16. You sometimes wonder why you made certain purchases.
17. You juggle payments to keep creditors satisfied.
18. You ignore the mail or telephone to avoid dealing with creditors.
19. You put off medical and dental visits because you cannot pay the bill.
20. You feel free to spend more after clearing up a debt.
- posted by Mark Pane @ 8:13 PM 0 comments