Do you notice that so many people do spend more then they get paid, being it daily, weekly or monthly. Why do they spend this way?
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Connect with like-minded individuals, ask questions, share ideas, and participate in discussions on a variety of topics.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Do you notice that so many people do spend more then they get paid, being it daily, weekly or monthly. Why do they spend this way?
Not everyone have the same financial responsibilities and priorities and not everyone have the same amount of income coming in for them to settle this financial responsibilities, so as a result of this some individuals tend to spend more money than others, many individuals are plagued with huge respRead more
Not everyone have the same financial responsibilities and priorities and not everyone have the same amount of income coming in for them to settle this financial responsibilities, so as a result of this some individuals tend to spend more money than others, many individuals are plagued with huge responsibilities in which they have to settle financially, some of these individuals even have more than one income streams so that they could be able to handle this financial responsibilities more effectively. Individuals with one income streams having much financial responsibilities to handle might find it hard to save and invest money.
See lessNot everyone have the same financial responsibilities and priorities and not everyone have the same amount of income coming in for them to settle this financial responsibilities, so as a result of this some individuals tend to spend more money than others, many individuals are plagued with huge respRead more
Not everyone have the same financial responsibilities and priorities and not everyone have the same amount of income coming in for them to settle this financial responsibilities, so as a result of this some individuals tend to spend more money than others, many individuals are plagued with huge responsibilities in which they have to settle financially, some of these individuals even have more than one income streams so that they could be able to handle this financial responsibilities more effectively. Individuals with one income streams having much financial responsibilities to handle might find it hard to save and invest money.
See lessNot everyone have the same financial responsibilities and priorities and not everyone have the same amount of income coming in for them to settle this financial responsibilities, so as a result of this some individuals tend to spend more money than others, many individuals are plagued with huge respRead more
Not everyone have the same financial responsibilities and priorities and not everyone have the same amount of income coming in for them to settle this financial responsibilities, so as a result of this some individuals tend to spend more money than others, many individuals are plagued with huge responsibilities in which they have to settle financially, some of these individuals even have more than one income streams so that they could be able to handle this financial responsibilities more effectively. Individuals with one income streams having much financial responsibilities to handle might find it hard to save and invest money.
See lessDue to a variety of factors, such as lifestyle inflation, peer pressure, a lack of financial knowledge, and bad budgeting practices, some people spend more than they earn. Credit cards and loans may provide the impression that something is affordable. Overspending can also result from emotional spenRead more
Due to a variety of factors, such as lifestyle inflation, peer pressure, a lack of financial knowledge, and bad budgeting practices, some people spend more than they earn. Credit cards and loans may provide the impression that something is affordable. Overspending can also result from emotional spending or from trying to project a certain image. In the end, this conduct may result from a confluence of psychological, social, and financial variables.
See lessOne thing that makes people spend more than their income is lack of contentedness in their current earnings. So they fail to spend within their limits and give in to their desires and luxuries. Another thing that leads to this is lack of self discipline to follow a set budget. They may know exactlyRead more
One thing that makes people spend more than their income is lack of contentedness in their current earnings. So they fail to spend within their limits and give in to their desires and luxuries.
Another thing that leads to this is lack of self discipline to follow a set budget. They may know exactly what they can afford and have even created a budget but then lack of self control makes them go above their limits.
See lessEverybody have their own problem, one after the other. You cant blame anybody for it. Some people spend more than their salary because of financial issue, for example, imagine a firstborn who have a responsibility to cater for his family need. Some can be due to high cost of living, for example, imaRead more
Everybody have their own problem, one after the other. You cant blame anybody for it. Some people spend more than their salary because of financial issue, for example, imagine a firstborn who have a responsibility to cater for his family need.
Some can be due to high cost of living, for example, imagine 1 litter of fuel was 300 but the price has gone up to 700. High cost of living can also make someone to spend more than the salary.
See lessThere are many reasons for this, some people basically pay attention to what othere think about them, so they overspend to keep up with the Joneses while for some people it's just that their salary is not enough to take care of their needs so they have to spend more than their income, either throughRead more
There are many reasons for this, some people basically pay attention to what othere think about them, so they overspend to keep up with the Joneses while for some people it’s just that their salary is not enough to take care of their needs so they have to spend more than their income, either through borrowing or taking out loans.
Both are not ideal, Its important to be able to take care of yourself with your own paycheck.
See lessTruly some people overspend for a variety of reasons, such as impulsive purchasing patterns, excessive credit card use, a lack of financial awareness, or pressure from society to maintain appearances. then emotional elements like stress or the need for rapid satisfaction may also play a role. PeopleRead more
Truly some people overspend for a variety of reasons, such as impulsive purchasing patterns, excessive credit card use, a lack of financial awareness, or pressure from society to maintain appearances.
See lessthen emotional elements like stress or the need for rapid satisfaction may also play a role. People may also overestimate their ability to repay debts or underestimate future expenses. In the end, a mix of psychological, social, and economic factors can lead to overspending.
The leverage of spending money has increased these days because the employers say to you that is what I could pay for you, if you disagree with this pay, I accept that you leave the company even before someone else takes your place. And you know finding a job nowadays is not something easy at all, yRead more
The leverage of spending money has increased these days because the employers say to you that is what I could pay for you, if you disagree with this pay, I accept that you leave the company even before someone else takes your place. And you know finding a job nowadays is not something easy at all, you could still be unemployed for consecutive years or work on something not in your domain of study. As a subsequence, you need another job like work on Upwork or running gigs on Jumaworkers or PTP or some forex staff to have an income that covers the difference. The price of water and transportation and coffee and meals increases every week or even every day while the salary increases once a year and by a percentage that does never cover the difference between prices of last year and this year to not lie to ourselves.
See lessYes, it’s actually quite common for people to spend more than they earn, and there are several reasons why that happens—some psychological, some social, and some structural. Here’s a breakdown: 1. Lifestyle Inflation As people earn more, they often increase their spending to match. So even if someonRead more
Yes, it’s actually quite common for people to spend more than they earn, and there are several reasons why that happens—some psychological, some social, and some structural. Here’s a breakdown:
1. Lifestyle Inflation
As people earn more, they often increase their spending to match. So even if someone gets a raise, they might upgrade their car, rent a bigger apartment, or dine out more, rather than save or invest.
2. Credit and Easy Access to Debt
Credit cards and loans make it easy to spend money you don’t actually have. Because the pain of spending is delayed (until the bill comes), it’s easier to overdo it.
3. Social Pressure and Comparison
People often feel pressure to “keep up” with others—friends, family, celebrities on social media. This can lead to spending on things they can’t afford just to maintain a certain image.
4. Lack of Financial Education
Many people never learn how to budget, manage debt, or save properly. Without basic financial literacy, it’s easy to fall into spending habits that exceed income.
5. Emotional Spending
Some people spend money to feel better, cope with stress, or reward themselves—this is especially common when people are tired, overwhelmed, or unhappy.
6. Cost of Living vs. Income
In some cases, it’s not about bad habits—it’s about necessity. The cost of essentials like housing, healthcare, childcare, and food can exceed income, especially in areas where wages haven’t kept up with inflation.
7. Short-Term Thinking
People often prioritize short-term comfort or gratification over long-term stability, especially if they don’t see a clear path to financial security anyway.
Do you think it’s more about choice or circumstance for most people?
See lessThere are various reasons why people offen end up spending more than their income, one major reason is due to poor management skills. Most people do not even take record of their income, they just spend it as it comes, this behavior often leads to spending more than they can earn. Another reason isRead more
There are various reasons why people offen end up spending more than their income, one major reason is due to poor management skills. Most people do not even take record of their income, they just spend it as it comes, this behavior often leads to spending more than they can earn. Another reason is due to lack of self control. Most people tend to buy on impulse. They lack the ability to control themselves the moment they have something little in hand.
See lessThere are two categories of people that actually spend more than their income. The first ones are people that have genuine life challenges that are more than their income. Those ones have no choice. The second set of people that spend more than their income are those people that want to impress peopRead more
There are two categories of people that actually spend more than their income. The first ones are people that have genuine life challenges that are more than their income. Those ones have no choice.
The second set of people that spend more than their income are those people that want to impress people. They want to show that they have arrived when they actually have not. They would want to borrow to prove that point. And they end up spending more than they earn.
See less