THE RESULT OF EXCESSIVE SPENDING WITH LIMITED EARNINGS
It's always good to be cautious of our spending no matter how much we are earning because if we don't we might end up not been able to account for how we spend our earnings.Some of us are big earners while some are small earners, but irrespective of the category you fall into , you will definitely need to be careful of how you spend.
One reason why we are working is to be able to earn a living and this warrant us to spend our earnings because it's something we have worked for and we deserve to enjoy it the way we want, but what are the result of spending high with limited earnings, there is an adage that says that you must cut your coat according according to your size which simply means that you don't need to things that are bigger than you.
Spending very high with limited earnings has its repercussions, take for instance if you are earning $10000 on monthly basis from your place of work and you don't have any other means of income, you will definitely have to live within the limit of your $10000,so if you refuse to live within your earnings you might have issues incurring more depts for yourself,this might also end up affecting all other aspects of your life, because once you spend more than your earning some areas of your life are left with inadequate attention because there is no enough while you are busy paying depts from your extravagant way of life with limited earnings.
Before anyone can thing of spending recklessly above there earnings, there must be multiple streams of income, this gives you the opportunity to be Avery high spender, the more your means of earnings , the easier your spending. So for those with limited earnings it's a must you don't spend above what you are earning and if you do be ready to face the consequences.