7 Best Warning Signs You’re Living Beyond Your Means

To Live Beyond Your Means: Someone who is is living beyond their means is spending more money than their current income allows.

Here are a few warning signs you should watch to ensure you are not living beyond your means.

1. You Notice You are Living Paycheck to Paycheck

You might be underpaid, living in an expensive area, or have some other financial circumstances putting you in this situation.

2. You Have Little Saved or No Emergency Fund

Not everyone is going to be able to save a big percentage of their income, but try to find 5-10% of each pay to put aside.

If you are tempted to buy a higher priced item, ask yourself if you have the cash to pay it off right away. 

3. You’re Carrying a Balance Each Month on Credit Cards

Not everyone is able to save for retirement at certain points of their lives. Many also struggle to provide for their families and put food on the table.

4. You Aren’t Saving For Retirement  (Or Can’t)

5. You Worry About Paying Bills Constantly

If you find yourself constantly stressed out about bills or how you are going to pay them, you might be living beyond your means.

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