Financial difficulties can harm our emotional well-being. How can you tell that you are actually in financial trouble? There are certain indicators of financial difficulties, such as receiving frequent calls or letters from creditors or collection agencies, having no savings, spending all your money before payday, stalling one creditor to pay another, buying things impulsively, using your credit cards or other loans to pay for everyday expenses, failing to budget or make a financial plan, having your consolidation loan applications rejected, having trouble making the minimum payments on your credit cards and not knowing what your real monthly expenses are. If you’re in financial trouble, you may believe bankruptcy is your only option. However, there are many options to help you solve your money problems – such as consolidating your loans or making a consumer proposal. Be sure to seek professional advice to find out the best solution for you.

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