How Much Debt Can You Handle?

     Most of the budget to say that the debt is similar to credit cards are death and cancer. Of course, reducing the debt from your life is a completely solid advice, but often it is like telling a drowning man water is bad for the lungs.

     America has become the land of the free-charge. Debt is a fact of life for millions of Americans. In this article we will learn to swim and to help create a system of disciplinary measures for tracking personal debt. Specifically, this will help you define your "personal debt Redline" - the point at which to start to think twice before loading more debt monitoring their total debt in this line can become one. useful discipline for the development of effective habits and expenditure budget for life. This system recognizes that many people use debt to maintain their productive lifestyle and achieve their personal goals. simple as many others, consists of five steps.

Nation of easy credit

     Imagine walking in front of the waist in a store. Get a credit card to slide. As your card slides through the scanner, a red light and a beep sounds. "It has to be wrong!" he yelled. "I'm over my limit." He looks at you with deep concern, the cashier said, "Yes, but you are dangerously close to having too much credit in your life! Maybe I should go easy on the charges for a while."

     The courage to dream. It would be nice if life with the warnings in this way, but unfortunately, this scenario does not reflect the modern world. If someone reaches the limit of credit cards - Well, that's why the portfolios are meant to be a number, right? Between 2005 and 2008, total U.S. debt swivel (the kind you earn on your credit cards and lines of credit), a little more each year before reaching a maximum of 957.5 billion dollars in 2008. In 2009, it fell to $ 865, and continued to decline until 2010, according to the Federal Reserve. However, these years are a difficult period in the United States, and it is likely that when the economy improves and employment slips back, debt will soon follow. After all, no other nation in history has become so indebted that fast, especially during periods of relative prosperity. (For more information, see Stop keeping up with the Joneses - broke and the throwaway society: an expensive line.)

     This easy credit environment, some people have intuitively felt their personal debt begins to spiral out of control. But, without warning, how can you know for sure that it crossed the finish line? Follow these guidelines to determine the age of the line.