Spending more than you earn / myLot

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

Anna

@LadyDuck (458091)

• 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

@ajithlal (14716)

• 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

Thelma

@thelme55 (76476)

• 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

@ajithlal (14716)

• India

31 Aug 16

Nice to know that you spend money that you have.

1 person likes this

Dominique

@dodo19 (47056)

• 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

vanny

@vandana7 (98826)

• 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

@ajithlal (14716)

• 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

vanny

@vandana7 (98826)

• India

1 Sep 16

@ajithlal .. Exactly, unless there is going to be some value ..it is weird.