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7 Signs You’re Financially In Over Your Head

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  1. You use credit cards to make ends meet. You can’t make it through the month without charging on your credit cards. You tell yourself that you’ll pay it off but you never quite make it. You repeatedly use the cards for food, medical bills and car repairs.
  2. You have no cash cushion and no savings. You don’t even try to put money away each month so when the unexpected happens you start charging on those credit cards. Over withholding does not count as putting money away. If you rely on the IRS to save money for you chances are you spend it as soon as you receive it. You deserve to save some money.
  3. You bounce checks because you have no cushion. You are so close to the wire that a small error with your bank balance causes you to have insufficient funds. The bank may cover the balance for you but either way you will be incurring bank charges that you can’t afford. You may even end up without a bank account.
  4. You live on payday loans. It starts with just one and maybe you paid it off. Then the second one it takes a bit longer and costs a bit more. These can cost you hundreds of dollars and this type of creditor gets very aggressive if you miss a payment.
  5. Creditors are calling you with legal threats. You get frequent creditor calls at home or at work so you pay that creditor some money. Then you get behind on another bill until they call you.
  6. You feel stressed about money and frequently worry about it.
  7. You always carry a balance on your credit cards and never pay them down to zero. Even if you pay them down, you immediately charge them up again.

If you have two or more of these signs, you’re in over your head. A knowledgeable professional can help you sort things through and come up with a plan for financial freedom.


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