Symptoms Your Debt Load is Getting Out of Control

in Debts

I have had a lot of folks comment to me about how “… I didn’t know I was in trouble financially until I was in the middle of it…”, which is (unfortunately) true for many folks. In trying to help folks understand some of the warning signs that their debt load is starting to get out of control I will give you some personal examples of when you should really start doing something (i.e. make a plan, or talk to someone) about your debt load.

  • If you have yelled at your spouse because they bought the “expensive” toilet paper. If you are that close to the edge that whether you get “ass ripping” or “soft on my bum” toilet paper matters, you are in trouble.
  • Suppose you start devising plans to transfer monthly credit balances  from one credit card to another one with a lower rate of interest. You shouldn’t be carrying debt on your credit card (even if it has a low-interest rate), and if you are thinking of consolidation loans, you are in trouble and should go get help.
  • A financial plan is needed, or at least a list of known expenses, and you can’t remember all the places where you owe money, this is a big problem. More than once I have heard an associate tell me, “… I forgot that I had to pay the property tax this month..”. Really? Any bill that is bigger than $100 should be on your calendar with warnings on when to pay it.
  • Your need to have a new vehicle fools you into allowing your car sales rep to “blend and extend” or “fold in” your previous car lease into your new one, because it’s only $50 more a pay (and you are paying every two weeks).
  • If the phrase, “pay day loans aren’t that bad” is ever used by you and not in a sarcastic way, you are really up feces creek without a canoe or a paddle.

No One Chooses to Get Out of Control

I realize very few folks make the conscious decision to let their debt get out of control. It is scary to think just how simple it is to have things get out of control when it comes to your finance. Diligence is the watch word for your money.


  • B June 25, 2015, 8:29 AM

    I swear that I have been getting a call from the car dealership twice a month for the last 6 months, trying to get me to turn in my “quality used car” and get me into a “brand new car”. Might have something to due with now having only 2 car payments left until it is paid off.

    • bigcajunman June 25, 2015, 8:33 AM

      I think your theory is sound on that. My wife is getting lots of messages from Telus now her “3 year” deal was ended thanks to the CRTC.

  • RICARDO June 24, 2015, 10:42 AM

    A good Colonoscopy will make you appreciate a “soft on the bum” approach regardless of your debt.

    • bigcajunman June 24, 2015, 11:01 AM

      I got nothing against the UK, but who the hell makes their Toilet Paper?

      • ricardo June 24, 2015, 12:32 PM

        Must be a bunch of pricks BCM


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