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Are
you in Debt Trouble?...continued.
Here
are some other warning signs that you might be piling up too
much debt:
•
You can't pay off the bill in full each month. Even before you
get to the stage where you're only paying the minimum, there
are warning signs. If you rarely see your credit card balance
drop to zero, you need to start rethinking your spending/saving
plan.
• You're charging because you haven't got the money. If
you are making purchases with your credit card because you can't
afford to pay cash for it, that's a strong sign you are in financial
trouble.
• You're near or at the limit with your credit cards.
You have spent yourself into a corner, and the credit you need
for everyday life is used up.
• You're suffering physically. Your brain is recognizing
that your spending patterns are in conflict with your income
and your anxiety level increases.
• You're running up unsecured lines of credit. Many institutions
offer lines of credit or overdraft protection on checking or
savings accounts. If you are utilizing these services on your
accounts month to month, then you have a problem. Because these
services usually have a cost associated with them, they can
be costly every time they are used.
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