Life is complicated – more so today than in the past. We all have many balls in the air. First one ball drops, then another and suddenly you can be an Arkansas consumer needing significant debt relief.

Personal bankruptcy might not be something you prefer to consider, but maybe you don’t clearly understand how bankruptcy can help you, what it involves and whether it is the best option for you to pursue. If a free initial consultation with an experienced attorney is available, doesn’t it make sense to learn more?

If you are uncertain whether you might be on the verge of needing debt relief, here are a few key indicators most experts agree are signs of trouble.

  • Do you tend to spend money on wants first, rather than needs? A bit of self-reflection can answer this question. Experts say you need to be confident you’re covering needs, like rent and food, before indulging in wants.
  • Doyou desperately wait for your next paycheck? This can happen if you fail to budget. Living in the moment can be a good thing, but if you don’t know where your money is coming from and where it’s going, experts say you need to budget.
  • Is plastic your BFF? Experts say you might want to consider unfriending some accounts, especially if you’re using a card to pay for everyday expenses. Remember, balances mean interest payments and you shouldn’t be paying interest on rent or groceries.
  • Is your road to savings paved with good intention? The majority of households face an emergency bill of some sort in any given year. It might be an auto repair or a major medical expense. If you aren’t putting something away regularly, you could be headed for trouble.
  • Are you a J. Wellington Wimpy? Better known as Wimpy, this comic strip pal of Popeye is known for saying, “I’ll gladly pay you Tuesday for a hamburger today.” If you’re regularly borrowing from others to make ends meet, you could be on the road to being broke.

Knowing the signs of fiscal difficulty can help keep you on the rails. If you are already off the track, bankruptcy may be something to consider. Speak with an attorney to be sure of your options.