Living Above Your Means
People go to work because they want to be able to live comfortably. Maybe they have some financial goal they’re heading towards, like buying a new house or car or paying off all of their loans. This kind of dedication requires saving for a rainy day, which means not spending all of the money you have every week. Unfortunately, some live above their means, trying to make their lives look more exciting and fulfilling than it really is. Of course, the advent of social media hasn’t helped in the matter either, so everyone feels like they have to show off what they have. If you’re running out of money before your next paycheck, have no emergency fund, or you’re not saving at least 5% of your income every month, then you should definitely start thinking about changing your spending habits.