Lots of people love to have new and fancy things, but these overspending statistics dive deep into just how far over budget Americans are going to indulge themselves. A surprising 52% of American residents are going over their monthly budget, of which 21% have expenses that far exceed how much they take home each month.
Only about half of the population is making a budget, while the problem is stemming from a large abundance of credit that is available to first-time card holders as well as a problem with trying to fix emotional problems by buying things. To stay on track, make a realistic budget and stick to it, compare prices to get the best deal and be more aware of the great things you already have in your life.
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