If your expenses are increasing and your income isn’t, you are probably misadministrating your expenses, which may cause you problems. Review the following list and if two or more of the examples apply to your case, we suggest you carefully revise your expenses.

• Excluding fixed expenses, like rent, your minimum payments represent 20% or more of your net income.
• You use one credit card to pay the other.
• Only make minimum payments on your credit cards.
• Do not know the total amount of your debt.
• Frequently receive calls or mail regarding past due debts.
• Pay your bills after the due date.
• Your income is not enough to pay your bills.
• Had your credit card declined for exceeding your limit.
• Had to use your credit card to pay something that you usually pay with cash.