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Living Beyond Your Means Will Bury You In Debt

Updated on February 24, 2015

How Much Debt Are You In?

You may very well be in debt because of living past what you can afford. Credit is such a huge way of living now a days. Some people are more responsible than others with it. Credit cards are meant for borrowing money, not free spending. Many people just see it as free money that they can just pay back later. Lots of people don’t even plan to pay it back. Having credit cards can be a scary thing when you don’t know how to deal with money. Do you find it hard to go to a store and not buy anything? I am a big shopper myself, and have gone through living beyond my means.

The key is to never spend what you can’t pay back the next month or even few months. If you put three months worth of your salary on a credit card continuously you will end up in big debt. You don’t want to spend more than you make. If you want to go on a vacation, don’t just splurge and put it all on a credit card. If you want to live that way, you must save up and reward yourself. If you live as if you make 100,000 dollars a year on a 50,000 salary, you WILL bury yourself in debt. Splurging too much can really add up. Soon you’ll be 10,000 dollars in debt and eventually it will get so high that you cannot even pay your bills. Living on a military salary, it is not easy to live the high life. I used to go out to eat weekly, and just go shopping with my credit cards too often. Luckily I did learn my lesson to not live beyond what I can afford once I was in too much debt.

I am sure we all wish we were rich and could spend anything we want, but for most of us that isn’t the case. If you want to avoid debt, you shouldn’t just close all your credit cards because it is important to build credit. Instead, you need to learn to be responsible with credit cards and loans. When you understand what credit is and the consequences of over using them, that is when you will be responsible with them.

Living Beyond Our Income

How Much Credit Card Debt Do You Have?

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    • MobyWho profile image


      7 years ago from Burlington VT

      Living within our means is hard, hard, hard especially as we watch the things we need rise in price. This makes it harder daily to repay the credit card companies. And the debt is compounded! Before you know it, you're paying interest on the amount you've put off paying. They've GOT YOU! Suffer for a month or two if you must, but get back to charging only what you can pay when the monthly statement comes in. Even your health will improve, as well as your disposition. As the kids used to say, "Try it, you'll like it."

    • JessicaSmetz profile imageAUTHOR

      Just Ask Jess 

      7 years ago from Phoenix, Arizona

      Thanks! I know so many of us have dealt with these problems, and young people especially need to learn before they get in too much debt.

    • bdegiulio profile image

      Bill De Giulio 

      7 years ago from Massachusetts

      Great advice Jessica. These are very important lessons especially for young people just starting out. Great job.

    • Spitfire07 profile image


      7 years ago from Calgary

      Agreed. Working on paying my down and becoming more conservative as I get older. Good tips!

    • collegedad profile image


      7 years ago from The Upper Peninsula

      Amen..........break out the soap box! The cc companies are making a fortune bankrupting the American people!


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