Warning signs you have a debt problem.

We live in an age of abundance. More is better and you can never have too much.

But what about when it comes to your debt? “Good debt” can turn bad if you are not responsible with it. What happens when your debt gets out of control?

Here are some of the warning signs that you may have a problem. These signals will let you know if debt is preventing you from creating a luxurious lifestyle.

1. You don’t know what you owe

2. You make only the minimum payments

3. Your debt-to-income ratio is too high

4. Your credit cards are maxed out

5. You can’t pay your bills on time

6. You are constantly going into overdraft

7. You don’t have any savings

8. You lose sleep over your finances

9. You lie or hide the truth about your finances

10. Your credit limits are being reduced by the credit card companies

11. You fight about money with your significant other

12. You are opening new credit cards to transfer balances

The truth is, if you think you have a debt problem, you most likely do. The first step to getting clean is admitting you have a problem. Then the second step is to stop using; the credit cards.

The good news is, it’s never too late to make a change, pull yourself out of debt and make the best choices for you.

To get started, grab the Be A Money Boss Budget Workbook and get started today.