9 Signs That You Are Getting In Debt

Most women love going to the mall and doing good shopping. Clothes, shoes, perfumes, accessories, make up etc. Faced with so many products for sale, it is really difficult to control.

But of course, a person's expenses are not restricted to buying products for personal use. Most people (male, female, married or single) have bills to pay: food, rent, water, electricity, telephone, fuel, school or college, etc. And precisely because of this, there must be balance, so that the expenses, in general, are not bigger than the income that one has.

André Massaro, consultant and financial educator, professor at the BM & FBovespa Educational Institute, explains that the basic rule of personal finance is "spend less than you earn". • One must beware of traps and temptations. Obviously we all want to consume the best, but we need to raise our standard of living by increasing income, not increasing debt?

Women vs. Men: Which ones accumulate the most debt?

Most people have in mind the idea that women spend more, as they are more likely to shop for personal use (clothes, shoes, etc.). But does that really make sense? Do women spend more than men and therefore tend to get more in debt?

André Massaro explains that worldwide research indicates that women are more indebted than men, but not by a very large margin. • Men and women have different consumption patterns and, consequently, different debt patterns. Men buy less often, but when they do, the? Damage? it's bigger. Men tend to have more intimacy with finances (and consequently easier to adopt controls), but are also more confident and rely on the money they have not received?

Still according to André, women still have some other aggravating factors: • some women still earn (on average) less than men; suffer intense social pressure (especially from the appearance and personal presentation) and often end up with a large share of financial responsibility when the family is broken up?

When is a person considered indebted?

André Massaro points out that it is very interesting to analyze this issue, because most people only consider themselves indebted when they have overdue debts. However, if we are to define strictly, a person who has purchased a good or service but has not yet paid for it is already in debt (because he will have to pay). Those benefits, though far from maturity, are debts (try not to pay to see what happens?) ?, he says.

With that in mind, below is a list of some signs that you may be getting deeper into debt. It's worth paying attention to and prevent this from happening!

Symptoms that you are getting into debt

1. You make all purchases on your credit card or give postdated checks;
2. When you can, you buy spun;
3. Your credit card limit becomes insufficient, as you have many purchases in installments;
4. You need to go after another credit card;
5. You now use supplementary credit lines, such as overdraft;
6. You need to go after debt renegotiation processes;
7. You realize that you have to focus on payments from major accounts such as rent, consumer bills, etc., as you won't be able to pay everything at once;
8. You begin to consider selling your property or even simple objects to help pay off debt;
9. You need to borrow money (from family or friends).

I'm really in debt, what to do?

After accepting the fact that you are already in too much debt, you often wonder: What can I do to restructure my financial situation?

André Massaro explains that the? Standard recipe? To solve a debt situation is first of all to identify what caused the debt and to remedy it. Debt itself is not a problem but a consequence. You have to get your accounts in order and make your expenses smaller than your income, and that, unfortunately, means "cut." Only after remedying the cause should one seek to resolve the debts themselves, to seek to renegotiate terms and values. If it is not done in this sequence, the debts will be settled temporarily, but in a matter of time, everything will be out of control again?

Within this idea, here are some tips that can help you better control your spending and therefore not get into debt:

• Stop walking with checkbooks and credit cards;
• Always leave with the money counted not to exceed this limit;
• When shopping for personal use (such as clothing, shoes, accessories, etc.) do so in sight to control your spending;
• If you have a habit of shopping online, avoid logging into the shopping sites you used to buy;
• Stop and think before you buy: do I really need this? I can buy? Can I wait a little longer to buy?
• Evaluate if you don't need help. Few people know, but shopping compulsion is considered a disorder and needs treatment with a psychologist.

And finally, the fundamental rule: never spend more than you earn! Here's the hint, as in fact for women the temptations to consume are greater!

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