Are You Living Beyond Your Means?

Are you living beyond your means? If you have more debt than you have assets, then the answer might be a resounding yes, although it is not usually as clear, cut, and dry as a simple comparison of assets versus debt.
There are a lot of cases where debt is completely expected, such as when you purchase a house, a car, or you have to repay student loans that helped you through college. This debt is alright and most of us can deal with these, but unfortunately a large number of people in the United States have become addicted to credit cards and the idea that they can get whatever they want, whenever they want and be able to pay for it at a later date.
They are sure that they will have the money that they need to pay off that big screen TV 6 months from now, because they are, after all, supposed to get that big raise by then. But, what if that raise is held up? What if they lose their job altogether?
There are a lot of reasons to have credit cards and lines of credit at banks, but you should make […]

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