We know that if we dedicate more than 40% of our salary to pay debts, it is probably an over-indebtedness situation. However, many people believe that if it does not comply with that trait, everything is going well, which is not entirely true.
You see, something you should understand is that there are some indicators that are a bit more specific and not so obvious that they indicate that the number of debts we have is no longer adequate or that our liquidity is less than it should be to meet our needs . In the following list we indicate four of these signals:
Ask for advances or advances at work more often than you would like
Many would not take it as something serious but the truth is that this indicates that you cannot arrive until the end of the month with the money you earn. Once you ask for an advance, you build a kind of vicious circle that makes every month you need an extra amount.
He has resorted more than once to “fast credits” no matter how much interest he was given
If he did it to cover an emergency, it is not so serious. But if it has become customary to go to these microfinance institutions, it is another indicator that finances are going down.
If you have used your savings more than once to cover your expenses for the month
Savings are only touched when there is nothing else to take out of the wallet, and if that was your case then you need a change.
If you already know by heart the process to request an extension in the payment of any credit
Again, the money is not enough and you are handling it badly.
These 4 signals may not alone alert us to anything, but if two or more are in your life, added to the classics then definitely not doing very well with the money. Some basic recommendations: Open a savings account that pays you good interest (you can compare them here ), set up a budget and try to optimize your debts by requesting a portfolio purchase.