Women In Debt 101: Is My Debt Problem Really That Bad? Article

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Women In Debt 101: Is My Debt Problem Really That Bad?

This article discusses the importance of identifying a debt problem before relief an solutions can be had.

Author: Michelle Tukachinsky

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This is a very important question for women who are struggling with personal debt and credit card debt. The reason that I ask this question is because the only way that we can solve a problem is to identify that we have a problem in the first place. Without an identification of a problem, there can be no solution to something we have not identified.

If you are struggling to pay your monthly bills, and your credit card debt to income ratio is more than 10 percent (including car loans as well), you most likely have a problem with debt. It does not matter if you are a man or woman reading this article. What matters is that you have identified a problem that is creating stress, concern, lack of sleep, anxiety, and depression.

I always say that having personal debt hanging over your head is like an albatross. It is a true burden to us, and it can effect every waking moment of our lives. Even if we are in denial of our debt problem, it will still have an effect on us physically, emotionally mentally, and financially.

Men and women alike must recognize that they do have a problem and that their personal spending is out of control. Putting the problem under the rug is not the answer because the rug will get very bumpy and you will be bound to trip at some point. It is the recognition of this problem that will help you to find solutions and relief in your personal and credit card debt.

Some questions to ask yourself:

1. Am I losing sleep because of my debt problems.?

2. Do I get headaches, stomache-aches, and heart palpitations when I think of my debt burden?

3. Can I pay more than minimums on my credit card bills.. or am I barely making the minimums or not at all.

4. Do I feel hopeless about my debt.. a sense of futility.. and just keep charging on my credit cards because.. "it is hopeless anyway, I mine as well just enjoy myself"?

5. Do I have to work more than one job just to pay my credit card debt?

6. Do I argue with my spouse about all of our debt because it is so overwhelming?

7. Am I starting to put basic living expenses on credit cards ...in a downward debt spiral?

8. Am I feeling stressed out, anxious, depressed, fatigued because of my debt situation?

9. Has your credit score dropped because of your personal debt load?

10. Have you consolidated your debt more than once.. just to be back to square one with a new loan and more credit card debt?

These are just some questions to think about. I will be back with more.. women-in-debt 10

About Author

Michelle is an author and founder of www.women-in-debt.com
She has a strong interest in self-help issues, search-engine marketing, and web design.

Article Source: http://www.1888articles.com