Learn how to manage your overwhelming debt during Financial Literacy Month.

If you're a regular human being, chances are you have some kind of debt. It's a common burden that many of us carry, from student loans to credit card balances to mortgages. And let's face it, it can feel like a never-ending struggle to lighten that load. But when does debt become too much to handle? When is it time to seek help?

Debtor's Anonymous is an organization that specializes in assisting individuals who are struggling with debt. They have identified some warning signs that may indicate a serious problem with debt. These include being unsure about your overall financial situation, not knowing your account balances, monthly expenses, interest rates, and other important financial details. Other red flags include frequently "borrowing" small items from friends and failing to return them, poor saving habits, and a tendency to live for the moment without worrying about the future.

Compulsive shopping is another warning sign, such as being unable to resist a good deal, making impulsive purchases, and even leaving price tags on clothes so they can be returned. Difficulty meeting financial obligations and feeling a sense of accomplishment when they are met can also be indicators of a larger issue. Additionally, if you experience a different feeling when using credit versus cash, or if you find yourself living in chaos and drama when it comes to money, these could be signs that your debt is spiraling out of control.

Living paycheck to paycheck, taking risks with insurance coverage, and constantly struggling to make ends meet are also warning signs that your debt may be getting out of hand. And if talking about money makes you feel embarrassed or inhibited, or if you find yourself denying your own needs in order to pay off creditors, it may be time to seek help.

But don't worry, there are solutions available. Joining a debt support group, which is a self-help based organization, can provide a safe space to talk about your problems and work towards eliminating your debt. Creating a spending plan, or as some may prefer to call it, a budget, can also help you take control of your finances and make a plan to pay off your debt. And don't forget about the importance of financial literacy, as demonstrated by OneUnited Bank's annual youth contest, "I Got Bank," which celebrates Financial Literacy Month. So if you're feeling overwhelmed by debt, remember that there are resources and support available to help you get back on track.

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