Money, credit, and living...it seems that there are seasons in our lives where there is often more debt than income. This can create stress, anger, indecision, and sometimes poor decisions. If you find yourself in a situation where there is more debt than income, you may be headed for trouble. It is never too late to fix some of your challenges. However, time is NOT on your side. The more you do to attack the situation early on, the better for you in the long run. Take a look at the three stages of financial trouble, assess where you are and take ACTION NOW!
The checklist below will help you to take an unemotional look at where you are and where you are headed. Financial challenges are a major cause of stress, divorce, and heartache. Your situation, while unique to you, is not uncommon. Millions of Americans are one or two paychecks away from bankruptcy and the skyrocketing foreclosure rate is at its highest point since the great depression.
While these statistics might not shed any light on YOUR living needs for today, the following checklist and action steps might help to delay or even cure your financial woes. Remember, above all else, you cannot solve a permanent problem with a temporary solution. All financial struggles relate around three simple issues: