Spending more money than you have is called OVER SPENDING
If you are spending more money than you have or earn, this is only going to be a downward spiral until you end up in debt. You possibly already have credit cards maxed out? So let’s take a look at what it is called when you spend more than you have or earn; i.e. what’s the word to describe this.
What is it called when you spend more than you have or earn in 15 seconds…
The single words I’d use to describe your behaviour of spending more than you make, have or earn might be profligate, which means you’re being recklessly extravagant or wasteful in the use of resources. Other single words to describe this behaviour might include reckless or foolhardy. But to use two words as a description, this is simple and can be described as Over-Spending.
Spending more than you make word or words
I spent a short while thinking about a single word to describe your action of spending more than you make or earn or have. Two words are easy to find, which is simply Over-Spending. However, a word that could be used is profligate. Which means you’ be recklessly extravagant or wasteful in the use of resources. Other single words might include reckless or foolhardy.
I could be frank with you and use a word you may not like. This one word to describe your behaviour is foolish. However, there may be circumstances you have that has made the situation as it is. It’s possible that the reasons for your current situation are outside of your control.
However, if you’re spending more money than you have or earn, which is simply because your spending is out of control, then this could well be described as foolish. Sorry to be harsh with you, but sometimes it’s necessary.
But the question remains; is this your fault? In my opinion, yes it is your fault. But if you have the ‘wrong‘ mindset (i.e. you have bad habits as a result of what you’ve learnt from others; normally your parents), this may not actually be your fault as such.
However, having said that, it’s definitely your fault if you continue to do nothing about the problem. But I’d like to think by the very fact you are reading this article, you intend to fix your mindset problem.
Spending more than you make words which describe your behaviour
- A fool and his money are soon parted: This is a saying used to describe someone who is not sensible and spends their money carelessly.
- Money is burning a hole in your pocket: This expression is used for those people who want to spend their money immediately when it’s received. Or in some cases the money is spent before it’s received by the of use credit cards to fund the purchases. This is because the money is burning a hole in their pocket and needs to be spent before this happens.
- Easy come, easy go: This saying is used to describe a person who doesn’t seem to care less about money. In other words, no sooner has this person received the money, it’s gone in a flash.
After reading this, you may also want to read about what happens if you spend more money than you have available as well. This can be found in this article here: What happens if you spend more money than you have available.
Money in your mind
I have already made reference to mindset earlier in this article. The truth of the matter is that where your spending is out of control, this is due to a poor mindset. However, this can be rectified.
May I suggest you read this article on the Money in Your Mind Course, it’s well worth considering. Instead of spending money on stuff that is not helpful, invest in yourself instead.
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