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Ron Leshnower

Do You Spend More Than You Make?

By January 13, 2013

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If you answered yes to this question, you're far from alone.

According to a recent Rent.com survey of 1,000 U.S. renters, 61% claimed to be living above their means, despite the fact that 74% of respondents reported that they follow a household budget.

So, what's the hardest part about saving money?

The largest percentage of respondents, 49%, blamed continuously increasing costs, while 26% pointed the finger at necessary expenses that, for whatever reason, weren't anticipated in their budget. An additional 15% cited impulse purchases as their main obstacle, 6% reported struggling with high dining and entertainment costs, and the remaining 4% of renters admitted to just not being good at budgeting, according to the survey.

If you find yourself spending more money than you earn, is there a specific culprit?

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