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  1. #1
    Senior Member Savin' Moola's Avatar
    Join Date
    Jan 2006

    Default Debt Warning Signs- How to tell if your falling in!

    You may not know if you really have a debt problem yet, so here are
    some indicators that you are heading for a financial fall.
    1. Using credit card advances to pay for living expenses.
    2. Using and depending on overtime to meet the month's expenses.
    3. Using credit to buy things that you used to pay cash
    for(groceries, gas, clothing, etc.)
    4. Using the overdraft protection plan on your checking account to
    pay monthly bills.
    5. Using savings to pay bills.
    6. Using one credit card to pay another.
    7. "Floating" the bills: delaying one bill in order to pay another
    overdue bill.
    8. Using another loan or an extension on a loan to service your debt.
    9. Using a cosignature on a note.
    10. Paying only the minimum amount due on charge accounts.

    Taken from "How to Save money everyday" by Ellie Kay

    I know that all of us have done one of these things now and then, but
    I think that she is saying consistent use of one of these indicators
    is where you have to worry.

    (P.S. Although she has some good ideas, and I may continue to quote
    her, I don't reccommend this book. I am insulted by her constant use
    of the term "half wit" because I have a special needs son. I also
    think that when investing in a book, there are many that are better.)

    Have an amazing day!
    Sharon from Lancaster Co., PA

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  3. #2
    Deal GURU mdowdy's Avatar
    Join Date
    Sep 2008
    Blog Entries

    Default Re: Debt Warning Signs- How to tell if your falling in!

    good warning signs if you are heading for debt

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