The debt problem test

Do you have an issue with debt? Take a moment to answer these 13 questions and start a frank self-assessment of your money management habits.

If you answered yes to two or more of these questions, consider the following solutions.

• Deal with any of the questions in this test where you answered “yes”. Start with the easier ones to build up good habits and confidence.
• Document all of your expenditures. Do this daily for a month. You’ll be surprised by where it really goes. Stopping some of those expenditures won’t change your life for the worse.
• Try using cash or your debit card for all expenses. People are uncomfortable seeing their bank accounts immediately drop in value when making purchases.

A life insurance advisor can provide you with a clear picture of where you are, where you want to be and a roadmap with options that can help you get your money management and financial planning on track. He or she can also help with contingency planning when the unexpected occurs. It doesn’t have to take a lot of time to get this going.