About · Press · Contact · Write For Us · Top Personal Finance Blogs
Featured In:

Are Your Finances Spinning Out Of Control?

By Erik Folgate

If your finances are heading in the wrong direction, you should be able to tell. Free Money Finance has five signs that you’re living beyond your means. The first step to becoming financially fit is recognizing that you need to change your financial habits. If you’re oblivious to the fact that you need financial help, then read those five signs. If more than one of them applies to you, then you need help.

The good news is that you’re never too far gone to change your financial position. The bad news is that it takes hard work and sacrifice to change your financial situation. You will need to:

My favorite sign from FMF is the one about more than 28% of your income going trowards your house. Owning a house isn’t always a blessing. A house can easily put you in financial hardship. Millions of Americans are figuring that out the hard way right now. If you need financial help, get out of the denial stage. Meet with a fee-only financial planner with the heart of a teacher. Map out a route to financial success. The quicker you realize that you have a problem, the easier it will be to get out of the hole that you’re already in.

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

Related Articles

The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.

Advertiser Disclosure: The offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, U.S. Bank, and Barclaycard, among others.