News You Can Use - August 2017

Warning Signs of Financial Trouble

Man with hand on his headFinancial experts warn that many Americans in financial trouble ignore, or fail to recognize, the signs of financial problems and continue to go further and further into debt and financial difficulty. Recognizing the signs of financial trouble is vital, say the experts, because financial problems, once started, tend to get worse if they are left unresolved.

Signs that you need financial assistance 

Do you know the warning signs of financial trouble?

See the list below:

  • You are borrowing to meet regular expenses, such as food and utility bills.
  • You are barely able to make the minimum required payment on bills, but continue to charge.
  • You are using one form of credit, such as a credit card or a debt consolidation loan, to make payments on other debts.
  • You are using 20% or more of your take-home income to pay credit card bills and personal loans (excluding mortgage payments).
  • Your revolving credit cards are charged to the limit.
  • You are behind on credit payments and receiving calls from creditors or collection agencies.
  • You are bouncing checks.
  • You have no cash reserve.

What to do

If any of the warning signs above describe your financial situation, it is important that you face up to your financial troubles. Recognizing the signs is the first step toward turning your financial situation around. If you catch your problems early, you may be able to use financial counseling or budgeting techniques to solve your problems. The most important thing is to take immediate action. If you are not sure what to do, contact your Employee Assistance Program (EAP) for confidential counseling, referrals or information. An EAP professional can help you assess your situation and determine a plan of action to strengthen your financial position. If you need help, why not call an EAP professional today? We're here to help you.

Employee Assistance Program Services

Employee Assistance Program symbolThe Broward County Employee Assistance Program (EAP) is available to all Broward County Government employees and their families to assist with most personal problems affecting the quality of life at home or on the job at no charge. Participation in the program is voluntary and completely confidential. Licensed professionals can assist you with:

  • Family problems
  • Work conflicts
  • Stress
  • Grief and loss
  • Financial problems
  • Depression
  • Substance abuse
  • Anxiety

Call for a free and confidential appointment or more information at 954-357-5600 or email at Additional information on our services is also available at

Copyright © 2016 Healthy Exchange. This newsletter is not intended to provide medical advice on personal wellness matters, which should be obtained directly from your physician.