It’s not unusual to make the occasional late payment on a bill, or treat yourself to a frivolous purchase every now and then — We all have done it at some point in our lifetime, and perhaps even a few times too many.
However, there are some people out there with FDD —Financial Deficit Disorder, who just can’t seem to break the cycle of making a tangled mess of their finances. Maybe you know who you are, maybe you don’t.
Here are 10 signs that indicate if you might suffer from Financial Deficit Disorder.
- You are living paycheck to paycheck.
- You’re constantly late paying your bills, from your car note to your rent or mortgage, and store charge cards.
- You borrow money from your family, friends, or even mere acquaintances.
- You’re paying service fees on your checking account because it is constantly dropping below the minimum balance, or you’re bouncing checks — or both!
- You’ve taken out credit in the name of your children and your pet.
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- You park your car away from your home in an attempt to avoid repossession.
- You change your phone number at least once in a year, screen your calls, or keep a separate number just for close friends and family so that you can avoid calls from bill collectors.
- You and the pawn shop clerk are on a first-name basis.
- You’re more familiar with the inside of the payday loan store than you are with your local bank.
- You don’t have an emergency fund and a very low, or no savings account.
If three or more of the above apply to you, you probably have Financial Deficit Disorder. But don’t worry, there is still hope for you!