Ask your parents or other family members to describe their feelings about, and their use of credit. Use Checklist 7.1 as a framework to guide your discussion by having your family members honestly answer the questions. If you are discussing with two or more members, consider having them answer the questions separately.

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CHECKLIST 7.1 Financial Danger Quiz If you answer yes to any of these questions, you might be in financial trouble. Do you have little or no savings? Do you know what to expect when you get your bank or credit card statement? Have you been turned down for a loan? Do you carry credit card debt from month to month? Do your fixed expenses seem to eat up most or all of your income? Do you have insufficient health insurance? Do you live without a budget? Are you borrowing from one lender to pay another? Are you uncertain about the kind of mortgage you have? Have you ever taken out a payday loan? Do creditors call you about payments? Are you uncertain about the total amount of your debts? Have you had more than one check returned because of insufficient funds? Does the trip to the mailbox terrify you because you aren't sure what you'll find in the way of bills? Are your debts impacting your home life? Do you find your financial problems seem overwhelming?