Do you have control over your debts or do they have control over you? Answer honestly and see if you fit any of the signs below that you’re sending your financial health away.
7 signs of loss of control
So, ready to know the signs of lack of control?
1. You hide what you buy
Have you ever seen yourself buying something and hiding the action of your partner, family or friends? For this is a great warning sign. People often do this when they fear another’s judgment about the purchase, a fear that only comes when they know they bought something they didn’t need or couldn’t at the moment.
2. You are paying only the minimum credit card installment
Did you spend much more than you could and could only pay the minimum portion of the card? This is a serious indication that you have lost control of your debts. And in this case, it is necessary to act quickly, since the interest rates of this type of operation are very high.
3. Consider your gross salary for shopping
Do you know how much you receive per month? We are not talking here about salary, which is what is recorded in your work card, but what goes into your checking account every month. If you needed to answer this without making an appointment, would you know the exact number?
Well, if you have no idea how much you get, there is a big problem, after all, when considering buying something, ends up taking into consideration your salary without the discounts. This is an error that can be easily corrected. To do this, just pay more attention to the pay stubs received monthly.
4. Avoid talking about it
When you are not happy with a situation, it is normal to avoid talking about it to avoid conflict. When it comes to your finances, you should turn on a warning sign.
Are you avoiding commenting why you know you spent more than you should?
5. Can’t go a day without buying something
When you shop without thinking, out of compulsion, you spend more than you need and more than you can. This type of behavior can easily lead a person into debt and it is very important to try to regain control.
If it is a more serious case of compulsion, you can seek help from friends and experts.
6. Mind about how much you paid for things
Are you ashamed to say that you paid dearly for something or bought something expensive you didn’t need? For the warning siren should be well on, for clearly you already know that you have spent what you should not, but you do not want to admit to yourself.
7. Always postpone debt resolution
If you have identified that you have debt, the best time to start solving this problem is right now. The longer you postpone it, the bigger the interest rate cake pays.