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Reasons why some persons spend more money than they earn.
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[QUOTE="Holicent, post: 305040, member: 76163"] Some people may spend more money than they earn for a variety of reasons, including: Inadequate ability to budget: It's possible that some people lack the necessary skills to effectively budget and manage their finances. It's possible that they are unable to prioritize their spending, keep track of their expenses, or make sound financial decisions. Inflation in lifestyle: People may increase their spending habits to match their new income level as they earn more money. Overspending can result in a vicious cycle in which people struggle to live within their means. Spending on feelings: Spending can be used by some to alleviate emotional stress or fill a void in their lives. They might shop to feel better or to boost their self-esteem, which could result in excessive spending. Peer pressure: There may be pressure on people. [/QUOTE]
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Reasons why some persons spend more money than they earn.
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