Five signs that you are living beyond your means
Bankruptcy is more common than most people realize… In today’s world, it’s far too easy to accumulate overwhelming debt and lose control. While an unexpected bump in the road (like an automobile accident or loss of a job) can lead to a bankruptcy situation, many times, people start down the road to bankruptcy because they are simply living beyond their means.
If you’re spending more money than you are making, you are living beyond your means. Society pushes for instant gratification and a “you only live once” mentality – but that’s not a great strategy for handling your debts.
It does not take much to start living beyond your means, and many times, it’s the beginning of a downward spiral that cannot be stopped. Once the debt starts to multiply, it is harder and harder to find your way out of the difficult situation you’ve put yourself in.