Let’s discuss a major problem that is taking residence everywhere in the US. Over consuming in general is a problem for millions of people and these people actually think that no real issue exists with the behavor. When you take money, primarily income and you use all of it by spending it on consumables, you fail to use it towards imperative financial goals.Thus you might be headed down the wrong path because over consuming usually leads to Financial Failure.
The little squirrel in the picture is actually showing you an example of what happens in today’s modern day spendthrift society, we earn, we spend, and then we spend some more. If all your income is headed towards, living expenses, food, transportation, stuff, services, utilities, gifts, and more things something is fundamentally off. As you are a very astute person to see, that several important categories are missing to complete the big picture in a simple budget, and they are Saving, investing, and Donating. The trick is never ever remove saving or investing from an efficiently established personal finance budget.