A credit card or loan can bring you a feeling of freedom. If you are short on cash, you can still get the things you want. However, like any good thing, too much can be detrimental. The freedom you feel using that credit card may soon turn into a feeling of imprisonment.
It is not always easy to recognize when debt is becoming overwhelming. You may think you are on the right track. What you may not realize is that one financial setback, such as a job loss, car repair or medical emergency, can send your budget tumbling down around you. So how can you know if your debt is reaching the danger zone?