Living above our means is one of the common mistake that alot of people do in their lives and that has really made me alot of people to become someone who is surrounded by too much debts , it has made alot of people to experience bankruptcy, it has made alot of people to experience financial drawbacks..
We should learn to spend only what we can afford to spend, we should not be participating in financial activities which is beyond what our financial strengths can carry , we should not be spending above our realistic financial capabilities...
When a person is able to spend only within their means , it will make it easier for such person to experience true growth in their finances and it will make such person to be able to become better in their life financially.
We should not be concentrating more on spending on our wants , what we should be concentrating mostly on should be our needs and those needs should be guided appropriately , and those needs should be within the power of what our income can take..
Living above our means would make the person to spend beyond what their income can carry..