why there are those who spend more than their earnings

As for me, most people have many desires and dreams, like new cars, new house, new clothes, etc and they are really into that thing very much...For that very reason, as soon as they get some money, they tend to spend their money on things that they think first, and in this case it is their dream things...I think this type of person needs to practice self-control in spending by saving some money BEFORE even they buy things...It reduces the availability of money, and eventually delays the spending as well...

I am responsible for budgeting our family's finances and it really is crazy to stick to one! I really don't know, there are really more expenses than money coming in. I think it really takes discipline to keep your spending within your budget. Why don't you tell your son to do some part-time job while he is not busy with school rather than asking for money? In this way, you are trying to help him be independent and make him learn the value money. That money is something that a person works for and not just simply being given.

Oh dear yes this does seem like a headache. It is hard these days to budget yet still be the loving and giving person. There does come a time when as a parent we somehow have to say no. We have to weigh the wants from the needs because at the end of the month the obligatory bills must be paid. I would suggest that although your son will not listen at first that you continue to remind that it is virtually difficult to continue to please with money all the time. A no once in a while will remind him the next time you give him money he may use it wisely knowing some will not come perhaps for sometime.

Very sad to hear your story and I am student have my own desire and I cannot ask my father every time money for a small thing I want to buy or have because my father have a large family to look upon and that is the reason I am working online to make money for spending myself and at first it was very tough and after many loose and gain and time now I am earning almost $110 in one month and $100 from a single site and I am very happy to earn $100 as a student

It is maybe because they do not know the value of money and how difficult it is to earn money. We have to work hard in order to earn to have a decent living. Explain to your son that you have to tighten your belt due to increasing of prices of basic commodities and that you are only earning enough for your daily expenses and bills.

Budgeting is one of the difficult task of a wife, just like me, i am just receiving allowance from my husband because i am a plain housewife with 3 kids. At first I have a record from our day to day expenses in order for me to see where to cut down those unnecissary expenses. I spend based on our day to day needs but sometimes cannot avoided to out money because of school fees and contributions another is social obligations that is not included in our allowance. And consedaring that our country is known as one in a high standard cost of living compared among other progressive countries. Although i see to it that our allowance is enough to augment our needs and have extra to use for emergency cases.

I do think that budgeting is always a good idea. However, sometimes, it might not always be easy to do so. The prices of food, rent, and such can get pretty expensive, which doesn't always help unfortunately. Sometimes it is difficult not to spend when you see a good deal, or something. I do think that some people spend way more than they should, but sometimes, it can get difficult not to spend a little more than what you have to spend.

It's hard. I did this a long time (with the help of my many credit cards) and it did not get me very far... Except for far into debt. I'm finally just about done paying it off..Boy did that take forever! You have to learn how to live within your means. Either make more money - pick up a second job, start working more online, pick up some more hours at work - OR spend less. It's really about discipline, I'm starting to learn, and just learning to live with what you have and cut corners where need be.

Ouchhh. Actually, if I'm going to answer your question, simply I would say, because I'm an impulsive buyer. But come to think of it, you're right that despite of doing lot of budgeting, there were inevitable events came out beyond our control. Me myself do really want expenses to be in proper place but unfortunately, everytime it has been planned, there always this things that would ruin that goal. What usually happens is spending much more than my earnings. But I keep on holding to my intention to atleast be a wise spender just to cope up with shortage and cover up scarcity. Hardly hoping to attain this goal.

Maybe your son doesn't realize just now that money is tight, and you have to budget your money in order to meet monthly dues. But there are also those who are working but just spends and spends more than what they earn. I currently have an officemate whose bills are piling up, and credit card agents are calling our office everyday because she hasn't paid her dues again.. It's just sad that she had to come to a point where she had to borrow from almost all our officemates just because they can't pay for their bills because they used the money for something else less important.

Without money nothing is possible. Now a days money is not enough for most of the people to fulfill their daily needs. We have to reduce our unnecessary expenses. There is no other way in front of me. Otherwise we will fall in debt. We have to control ourselves. It is a human tendency to buy the things which we are seeing. We have to train our children also to stay away from buying all unnecessary items.

I think no body can spend more than what they have. If some body is spending more than what they have then either they will be under the loan or debt from a friend. It is not a good thing to do. I myself spend only that much which I can spare from my earning. If my earning is high then at the same time my expenses get higher and it is natural. I always have plans with me for my money and time.