Wednesday, July 16, 2008
Many people in America are living beyond their means, as personal savings rates are at their lowest levels since the Great Depression, according to the U.S. Bureau of Economic Analysis. Are you one of them? Here are 5 signs that you're living beyond your means.
Sign No. 1 - Your Credit Score is Below 600
Sign No. 2 - You are Saving Less Than 5%
Sign No. 3 - Your Credit Card Balances are Rising
Sign No. 4 - More Than 28% of Income Goes To Your House
Sign No. 5 - Your Bills are Spiraling Out of Control