Financial Literacy Month Do You Pass the Debt Test?

Yes No		Is an increasing percentage of your income going towards paying down debts?
Yes No		Is your savings cushion inadequate or nonexistent?
Yes No		Are you near or at the limit of your lines of credit?
Yes No		Can you only make the minimum payments on your revolving charge accounts?
Yes No		Are you often late with bill payments?
Yes No		Are you paying bills with money earmarked for something else?
Yes No		Are you using credit to pay for items you used to buy with cash?
Yes No		If you lost your job, would you be under immediate financial strain?
Yes No		Are you unsure about how much you owe?
Yes No		Are you being threatened by collectors with possible legal action?

Do you pass the debt test?