answersLogoWhite

0

Funny thing, if I find five dollars on the ground in the street and I spend it i'm not actually earning it, therefore I am spending more than I've earned. Haha lol. In all seriousness though, you will need to continually take money from somewhere to pay for things you're buying. I suppose if you continue down the road of spending you will run out of reserves of money and be ether broke or less than broke. You will end up having to sell things like your TV or your car just to pay for things, it's never a good thing to do.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

How can you get into debt?

Do what the Federal government does: spend more money than you earn.


What does within your family mean?

To "live within your means" is to spend no more money than you earn.


How can the soccer world cup local organizing committee control their finances?

Not spend more than they earn.


What is the idea of cut your coat according to your cloth?

The idea in it is : We should live within our means. We should not spend more than we earn.


Do lawyers earn more than psychologists?

no they do not earn more than psychologists


Why you need to know about personal accounting software?

"Spend less than you earn


Can you exchange credits in poptropica?

No. Each username can only earn and spend its own credits. You can have more than one username, but you cannot combine credits.


What is a parameter and why are they useful?

Parameter is basically another word for "conditions", or "requirements". A parameter for good personal economy for instance is not to spend more than you earn.


How would you deal with money?

This can be difficult. The main thing is to spend less than you earn.


How much money does the average Canadian spend in a year?

at the least £100,0000 The Average Canadian makes $43,000 a year, so I assume that they spend less than what they earn because most smart families save 10% of their income in case something happens.


Why do lawyers spend more money on cars than university professors?

Because they earn more. A university professor is generally a labour of love, obviously they are comfortably-off but they aren't rich!


What is meant by budgeting?

A budget is a list of anticipated expenses. To make your anticipated expenses equal to your anticipated income is called budgeting. You write it all down on paper. If you don't spend more than you earn, you will not go into debt, and you may be able to save some money for unexpected future needs. If you spend more than you earn, you go into debt and waste money paying interest on your credit card or whatever. There is nothing more liberating than living free of debt.