SPENDING MORE THAN YOU EARN

[Captain Corporate]

Sometimes thats actually a good thing. Depends on the situation you are in of course, because its not a common thing to spend more than you earn and that being a good thing. I live in Turkey, official inflation was at %100 for a while, unofficially we had stuff ranging from %200 to even as high as %300 in the last 2 years, and I believe it was much more than %100 for sure, I can name a million things that went up more than that, even as simple as grocery store stuff. All in all, that means if you want to buy something, and you will buy it "eventually", then making a debt and buying it as soon as possible is a good thing, because it will go up a lot in price, sure if you live in a nation with %5 inflation that may not sound reasonable, but in a one with %100+ inflation that means you actually paid %50 less on it compared to a year later. So make a debt today, buy it, and then it will go up so you are in profit.

[Vaskiy]

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

[Etranger]

Sometimes thats actually a good thing. Depends on the situation you are in of course, because its not a common thing to spend more than you earn and that being a good thing. I live in Turkey, official inflation was at %100 for a while, unofficially we had stuff ranging from %200 to even as high as %300 in the last 2 years, and I believe it was much more than %100 for sure, I can name a million things that went up more than that, even as simple as grocery store stuff. All in all, that means if you want to buy something, and you will buy it "eventually", then making a debt and buying it as soon as possible is a good thing, because it will go up a lot in price, sure if you live in a nation with %5 inflation that may not sound reasonable, but in a one with %100+ inflation that means you actually paid %50 less on it compared to a year later. So make a debt today, buy it, and then it will go up so you are in profit.

Yes, debt situations depend so much on a conditions of the country you live in. The situation in developing countries cannot be compared with the countries of the European Union or the USA. I live in Ukraine, and it is actually not so easy to get a loan for a decent amount that would provide you with at least an average apartment. Bank loan interest rates exceed 60% per annum, the national currency experiences frequent cases of devaluation and inflation. Bank loans under such conditions are mostly taken by desperate people who understand that this will be a burden for their entire lives, but the situation does not allow them to do otherwise. Due to such credit conditions, the economy does not develop, although it is reasonable credit systems that would encourage it to develop. I understand why many people don't like living on credit and see it as a limitation, but in some cases, like in my country, without this system, things move so slowly that people can't even partially implement ideas that would eventually bring much more profit and pay off these loans in full.

[xSkylarx]

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

I came from a poor family we really always do this since we only have budget for this food and we shouldn't exceed on it because if we do we will got short on other things , this only applies if you really on tight budget but when I've got a family i do always prioritize our food so that we can eat healthy and delicious food that is why whenever i do have extra on my salary I put it in food to buy so that we can purchase more and meaning of that it will take more days before we will buy again.

[Fredomago]

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

[Mpamaegbu]

After everything, they give birth to this children without a proper care. Imagine a 5 years old kid hawking water all about the street.

I think this is not true. Your assertion is kind of  hasty in generalization. Life happens and things take different turns. While I acknowledge that it's not proper for kids to hawk to support their parents which is an abnormality, I also want to admit that most of those families didn't set out that way before life happened to them. I've seen enough of reality to conclude that life itself isn't theoretical like paper work but practical.

Imagine a family where the husband and wife are civil servants with miserable salaries that don't even come regularly as and when due. Imagine a family where the husband is a commercial biker rider (Okada) or tricycle rider (Keke) and the government bans such services in the routes he plies, and the wife sells in a market place demolished by government? Just keep imagining things and what such families would turn to for survival.

My point in all that is – Most times, families have such situations thrown on them.

[ZAINmalik75]

Create a Budget (or Improve Your Existing Budget)
Shopping with a list
Control your grocery list
Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.

It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

There is a famous saying that your feet should be as wide as your cloak.People who always spend more than their income are often seen in debt.However, some portion of the income should be saved from the beginning and this may be your best method of saving.You should never buy anything you don't need without needing it as you increase your expenses ,No matter how cheap you get the item.But there are some people whose income is low and they face great difficulty in controlling their expenses.Because daily necessities are needed by every human being, whether one's income is low or one's income is high, but essential daily necessities are needed by every human being.Because if the income is low, no matter how much you control your expenses, you will have to buy the things you need.But according to my opinion side business with income should be done as well because those who do other business along with job can save for themselves.Because it is very difficult to meet your expenses and save in one income, so you can also control your expenses and save by doing a side business.

[AnonBitCoiner]

Affordable credit allows one to spend more than one earns, but this is a very big trap. Small loans - if you don't stop in time - lead to big loans, and, as a consequence, to credit bondage. So you should try to restrain your desires, and live within your means, otherwise you may not notice how you lose everything. 

True because we should minimize our expenses otherwise if our expenses will become big trouble for our income as the situations are not always same. There comes difficult time and if we are not living a simple life so whenever the conditions become hard we will not be able to face these issues so that time will be more difficult for us to live life.

We earn and earn more to live a healthy life but as our earning enhances so our desire also enhances therefore its important to keep control our desires and make it with accordance to our earning.

[Cookdata]

All of your thoughts are valid, but the second one—the one about using only cash—is partially unacceptable, but it depends on the individual. Going over the budget is presumed to be something you chose to do on purpose as having a shopping list is enough to ensure you only spend what you have written down to acquire. Unless, of course, you do not have a budget to deal with, which is the subject of your first point. Therefore, when a person satisfies the other criteria you listed, they would still go for their intended amount to spend, whether they pay with cash or a card; exceeding that limit because they are paying with a card is a conscious choice.

The trend towards a cashless policy and the introduction of CBDC in many countries has prompted many to advocate for the elimination of fiat currency and the digitization of all transactions but OP is recommending the continued use of cash which is bad in my opinion. In my country early this year, a digital settlement was adopted and made mandatory, so I rarely use Fiat now except when it is absolutely necessary. However, the government temporarily reversed the cashless policy due to public stress, but personally, I have grown accustomed to the convenience of digital transactions; the only instances where I use cash are when debit cards are not accepted especially the street vendors.

Op highlighted good points but all are his opinions which cannot be accepted everywhere, what I think is that in order to decrease your spending, you need discipline as a guide, whether you use cash or digital means, without self-control to restrain yourself and recognize when enough is enough, nothing will prevent you from spending excessively, there is time to enjoy life and there is time to call a spade a spade.

[Quidat]

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

There are good debts and bad debts and this would be entirely depending on where you would be applying it, considering that even myself does have that financial sustainability came out from other sources or investment but i do still continue to get some loan and building up my credit which it do really raises up my score and to have that better standing and record which means that
whenever i do tend to get some loan or borrowing money then they could be able to offer me the best rates and interest and amount which is something that you could also make
use specially on establishing other source of income or simply with investment.

This is why when you do took up some debt for the sake of investment then you shouldnt hesitate but of course you should really be that assuring that you could really be able to pay up
without having no problems.If ever you arent that sure or doesnt have plans on the amount you are taking to loan then its better not to proceed on.

[Altryist]

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

These are not obvious things for everyone, especially since credit is now available to almost every person, which is not very good, since this can lead to large debts. Even small amounts can turn into very significant debts if the loan is not repaid on time. If spending exceeds income, it can't last long, for obvious reasons. I think that this speaks of a lack of financial literacy, and if there is such a problem, then you need to think about its root cause, otherwise nothing will change.

[RockBell]

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

I came from a poor family we really always do this since we only have budget for this food and we shouldn't exceed on it because if we do we will got short on other things , this only applies if you really on tight budget but when I've got a family i do always prioritize our food so that we can eat healthy and delicious food that is why whenever i do have extra on my salary I put it in food to buy so that we can purchase more and meaning of that it will take more days before we will buy again.

Wow interesting actually learning new things every day and having to stick to your budget takes a lot of discipline which is very good, having to make enough provision was an intelligent decision to have to take on like most people who earn and spend everything just to keep up with there fake lifestyle which has been a problem to plenty individuals, especially in my region young men feeling intimidated so they try to keep up with a life that is far above there earnings, so keep up with your concept of spending your salary it is the best and others will learn from it.

[Finestream]

No matter what kind type of money you bring in your pocket as long as you can't manage really well on what you really need and what you want in living your life , i mean those people who have so much money in the bank tend to strictly spend their money compared to those who have less money in the bank tend to spend more due lack of financial literacy.

So yeah those who spend more than what they earn havent through much in living the life so they would always feel curious about stuff that they haven't owned.

Government policy today is aimed at encouraging people to spend more than they earn. Mortgages, affordable loans, fast money.  Buy now and get a discount (and people buy on credit - even if they don't really need the product). A vacation trip - when a person spends in a month of vacation all the money they saved up for a whole year. The state benefits from credit bondage. Anything can be done with such people, and they will not be able to resist.

That’s the reason why business owners tend to become richer and people end up become poorer and poorer because they also bite the temptations offered around. But honestly, if you really know how to budget well your income, you won’t be seeing yourself spending more and saving less because you have set your priorities in life and you will always stick to what’s only necessary and ignore those who are not. That is if you just want to live simply and not embrace the luxurious lifestyle that your peers have adopted.

[Fredomago]

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

These are not obvious things for everyone, especially since credit is now available to almost every person, which is not very good, since this can lead to large debts. Even small amounts can turn into very significant debts if the loan is not repaid on time. If spending exceeds income, it can't last long, for obvious reasons. I think that this speaks of a lack of financial literacy, and if there is such a problem, then you need to think about its root cause, otherwise nothing will change.

Precisely, if you can't control yourself spending and you use credit as a source for your financial needs then you will see yourself drowning knowing that you can't pay your debt using your day job salary, you'll find yourself looking for another loan to cover your debt and it will just keep repeating itself to the point that you already out of a source of money to use paying your debt/loan.

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

There are good debts and bad debts and this would be entirely depending on where you would be applying it, considering that even myself does have that financial sustainability came out from other sources or investment but i do still continue to get some loan and building up my credit which it do really raises up my score and to have that better standing and record which means that
whenever i do tend to get some loan or borrowing money then they could be able to offer me the best rates and interest and amount which is something that you could also make
use specially on establishing other source of income or simply with investment.

This is why when you do took up some debt for the sake of investment then you shouldnt hesitate but of course you should really be that assuring that you could really be able to pay up
without having no problems.If ever you arent that sure or doesnt have plans on the amount you are taking to loan then its better not to proceed on.

A wise way to take advantage of those available loans, I see your point and you are right, knowing how to maximize and use loans in a passive profitable business or investment, that will reflect as good loan and can give positive impact to grow your savings and investment, no argue on that point.

[ringgo96]

In our lives there are indeed many desires that are always present and all desires are definitely a need that we must fulfill, but if our finances are problematic of course fulfilling a desire will be difficult to realize, and this will be a big problem for all of us so they look for ways to fulfill these desires even though they have to lend money to others, For me this is a mistake we make because all our desires we do not have to fulfill immediately if we have not been able to get it, so we have to adjust expenses with our income so that our lives are safer from all problems.

[uche6215]

spending more than you earn is not a good thing that someone should do because anyone who spend more than he/she earned can never have savings or even have plans for themself, the most thing that makes's people spend regularly is flexing, most people who do live a lavishly live style find it difficult to save and this is the number one issue that makes people not to save money.
Anyone who does charity work always finds it a little mightily to save money based on his/her good did, so is good to disburse wisely and not the other way round.

[Etranger]

True because we should minimize our expenses otherwise if our expenses will become big trouble for our income as the situations are not always same. There comes difficult time and if we are not living a simple life so whenever the conditions become hard we will not be able to face these issues so that time will be more difficult for us to live life.

Yeah, but then you will always love a simple life, no matter what times are right now - difficult or more profitable. Preparing for something worth can be a good strategy for surviving during hard periods, but when the time is good, I think you should live, not trying to limit yourself in order to survive. Because if you do so, then how do you even distinguish good times from difficult ones? And when will you have time just to enjoy the results of your work?

[Jody.Drummer]

In our lives there are indeed many desires that are always present and all desires are definitely a need that we must fulfill, but if our finances are problematic of course fulfilling a desire will be difficult to realize, and this will be a big problem for all of us so they look for ways to fulfill these desires even though they have to lend money to others, For me this is a mistake we make because all our desires we do not have to fulfill immediately if we have not been able to get it, so we have to adjust expenses with our income so that our lives are safer from all problems.

I have said this several times, that in life there are things that must be prioritized and that is divided into 3 needs, namely Premier, Secondary and Tertiary needs. If we can meet the first requirement (Premier) then our lives will be safe. I personally always prioritize that, I don't try to look at other needs, unless I can already meet the Premier's needs, then I will be able to look at other needs, secondary and tertiary. Don't follow prestige too much, because if we follow prestige then our life will never be calm.

[alastantiger]

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Spending more than you earn is laterally caused by lack of planning which leads to unneccessary spending.
Planning helps in manage your money and meet up almost all you need.
When budgets are set, adhere strictly to it, it will help reduce your excessive spending. There are unforeseen circumstances, emergencies, things that pop up unexpectedly. if you budget like $50 per month for instance, you can increase it to $55 so you can cover up for any emergency.
Remember, your budget should be less than your earnings.

[someone703]

This is very common among West Africans. And this is because they fail to plan their life accordingly with their wife. I think one should consider is present financial situation before giving birth anyhow. I'm not expecting a man with minimum wage as salary to have more than 2 children. After everything, they give birth to this children without a proper care. Imagine a 5 years old kid hawking water all about the street.

Above are images of children hawking around the street.
A lifestyle of giving birth to many children with little care should be stopped in our society for the development of the country.

Someone can search and share here completely opposite images of a person living a luxurious life and share it here for me.

I want to talk about this from my own research perspective, life has billions of different nuances and we can all know and decide to it. The balance and fairness in this life always exists, don't just look at it from an individual perspective, or a division or country to think that it is reflecting the whole truth in life. As you mentioned that they should think before having children , I know that life does not allow them to know such things and they have to live in such a condition to know what is going on right, just like someone sharing with you about a secret to becoming rich in life is to love and share what you know, both about money, knowledge, health as well as spirit. .

Sometimes the problem is really simple, but it is in the resulting simplicity that there is a complexity that we are blinded by what is going on in life. The question of our very life, what does it really mean? Brought a bunch of answers, and didn't want to question it either.