10 Indicators of Financial Trouble

The following situations are apt to lead to financial trouble:

1. Not knowing how much your monthly living expenses are.

2. More than 20% of your take home pay is committed to debt installment payments.

3. Taking out loans to pay for regular living expenses.

4. Getting behind in housing and utilities and receiving shut-off and collection notices regularly.

5. Impulsive or compulsive spending habits.

6. You have always been in a financial crisis situation.

7. Someone who moves or changes jobs frequently.

8. Someone other than a young person who needs a cosigner for a loan.

9. Someone who seeks a debt consolidation loan when the income changes.

10. Death, divorce, accident, drug addiction, alcoholism, gambling or physical abuse.