Knowing your debt danger signals

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Are you falling into a debt trap?
By Laura A. Bruce • Bankrate.com

The dangers of debt Take this quiz to find out if you are controlling your spending, or if your spending is controlling you.

The consequences of compulsive buying can be more than an empty wallet and a bank account that hovers near zero -- it could affect your work life, your marriage and your relationships with friends and family.

Know your debt danger signals

Take our test to see how vulnerable you are to falling into a debt trap.

		Yes	No
1.	Do you know your checking and savings account balances?
2.	Do you borrow small change and forget to repay it?
3.	Are you setting money aside for taxes and retirement?
4.	Can you pass up a 'bargain' when you shop?
5.	Do you have difficulty in meeting basic financial or personal obligations?
6.	Do you get a different feeling when buying things on credit rather than paying cash?
7.	Do money issues create chaos in your life?
8.	Are you living on the edge financially?
9.	Does money talk embarrass you?
10.	Are you overworking or under-earning?

Sources: Debtors Anonymous and Bankrate.com

If you'd like to make a comment on this story,
e-mail bankrate editors.

-- Posted: Aug. 21, 2000

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