Do You Have a Spending Problem or an Earning Problem?

Spending Problem or an Earning Problem

When you look at most financial advice online, they tend to cater it to people who have a spending problem.

Given the statistics that come out about our lack of savings as a whole, it’s easy to assume that most of us are spending too much money. Not to mention that, culturally speaking, we tend to partake in consumerism.

However, as I’ve come to learn through my own financial journey, financial issues aren’t always because of a spending problem. Sometimes, it’s actually an earning problem.

This post was written by Amanda Abella, an expert writer and speaker in personal finance.

The Moment I Realized I Had an Earning Problem

I’ve spent the better part of a decade teaching myself personal finance. Like I already mentioned, most of it is catered to people who overspend, don’t have savings and don’t have money to invest.

Fast forward a few years and . . . → Read More: Do You Have a Spending Problem or an Earning Problem?

7 Signs You Have a Spending Problem

spending problem

Checking Your Spending Habits

Shopping and spending money can be a great pastime, but at some point it can go overboard. Shopping can be a way to hang out with friends, a good time to relax during downtime at work or just an excuse to get out of the house for awhile. But, if you come back from every shopping trip with bags of purchases, it can indicate a deeper problem.

Of course, if you’ve just moved into a new house and need to stock it with all the small items necessary for equipping a new home then you may have good reason to spend. Or, if the new school year is about to begin and you need school supplies and books, or even if it’s the holiday season. While there are legitimate periods where a lot of spending is acceptable, it’s worth evaluating your spending habits to determine that . . . → Read More: 7 Signs You Have a Spending Problem