Do you overspend?

So often we'll spend more than what we made. In US, 50% of it's citizen spend 10% more than what written in their paycheck every month.. How about us in Malaysia? So far, haven't see any survey or anaysis been shown to beat the number..

Roughly I can make a guest or estimation from my point of view..

I saw people rushing into one of newly opened hypermarket at Batu Berendam, Malacca on 01/01/07.. Buying like there is no other day with that rock-bottom crazy price.. Nevertheless, people buying without cares whether they really need it or just because it is cheap.. None of those I saw in front of me having a total less than RM100 per trolley..

Well, some would say they just got their bonuses.. they deserves some extra money to throw away.. good for them, good for the business too.. okey..

Let's take a step back.. most of us have a fixed amount of paycheck every month. We spend accordingly even most of the time we exceed that amount. We used our future money to buy now (installments, credit cards, etc). Why don't we used the bonuses we got to settle those installment or that sticky debt in our plastic money? If not all, at least we pay more that our monthly installment or minimum payment..

Ok, stop !! My estimation, we spend atleast 20% more than what we earn every month. Full stop!. Right or wrong, think again. Go through your last month bills and grocery receipts (if you ever still keep it)..