Are You in Debt?

by Gail Cunningham, Media Relations, National Foundation for Credit Counseling (NFCC)

People often ask me how they can tell if they’re in debt.  My standard answer is, “If it feels like it, you probably are.” Simply posing the question proves that you’re concerned.

 

Debt is a dark cloud that follows you around. It’s there when you wake up in the night. It’s with you at work. It makes you fearful to answer the phone, worrying that it might be a bill collector on the other end of the line. You’re afraid to go to the mailbox. You’re not as good a spouse, parent, or employee when debt issues are occupying your thoughts.

Take a deep breath, swallow hard, and then honestly answer the questions below:

If you answered “yes” to any of the above questions, it’s time to take an honest look at your financial situation. Do so today, as there is nothing to be gained by delaying.

The bottom line is that you can’t solve a problem without facing the problem.  Knowing how much you owe and how you spend your money is the place to start.  For help creating a budget and finding hidden money to put toward saving, reach out to an NFCC certified professional.  To be automatically connected to the NFCC member agency closest to you, dial (800) 388-2227, or to find an agency online, visit www.NFCC.org.