Spending more than you earn

@ajithlal (14568)
India
August 31, 2016 8:52am CST
Sometimes I see some people spending more money borrowing and buying expensive things like clothes and gadgets and spending more money than they earn. What is your opinion about spending more than one earn?
7 people like this
8 responses
@LadyDuck (158018)
• Switzerland
31 Aug 16
This is a very bad habit of our modern society. People should never spend more than they earn.
4 people like this
@ajithlal (14568)
• India
31 Aug 16
Lots of people are spending more than they earn and it is becoming an habit in the society.
1 person likes this
@thelme55 (14574)
• Germany
31 Aug 16
Thank is a bad habit. It can end to many problems. Thankfully, I am not like that.
3 people like this
@ajithlal (14568)
• India
31 Aug 16
Nice to know that you spend money that you have.
1 person likes this
@louievill (18678)
• Philippines
31 Aug 16
Spending more than you earn could get you in real deep trouble
2 people like this
@ajithlal (14568)
• India
31 Aug 16
Most times people do get into trouble after some time.
1 person likes this
@louievill (18678)
• Philippines
31 Aug 16
@ajithlal not unless earning catches up which is also possible.
@dodo19 (32909)
• Beaconsfield, Quebec
31 Aug 16
Honestly, I don't think it's a good idea at all. I think we should spend within our means. I do understand it's not always easy, but I don't think it's a good idea to borrow money just to buy clothes and such. It doesn't make much sense to me.
2 people like this
@vandana7 (65124)
• India
31 Aug 16
Sometimes we do. Like buying a home. But if it is not for establishing an asset of some value that can cover the borrowed amount, it is not worth it. Nope...we should not in other situations. Generally such people also end up borrowing and creating unnecessary fights.
1 person likes this
@ajithlal (14568)
• India
1 Sep 16
It is good to buy things that are necessary as you have said by borrowing money, but not good to buy things to show off to others by buying expensive things.
1 person likes this
@vandana7 (65124)
• India
1 Sep 16
@ajithlal .. Exactly, unless there is going to be some value ..it is weird.
@rina110383 (24134)
1 Sep 16
Spending beyond one's means is very unwise and leads to numerous problems and destroyed relationships.
1 person likes this
@ajithlal (14568)
• India
1 Sep 16
Borrowing money from others sometimes leads to relationship problems.
1 person likes this
@shshiju (10494)
• Cochin, India
31 Aug 16
Oh that is just like taking loan from World bank. Lol
1 person likes this
• Kolkata, India
31 Aug 16
I just feel like knowing about their true justification behind such bizarre decisions of those people.
1 person likes this