Easy to get into further debt: With an easier load to bear and
more money left over at the end of the month, it might be easy to start using your credit cards again or continuing spending habits that got you into such credit card debt in the first place.
Sometimes I have
money left over at the end of the month (after savings, expenses and «fun money») and it just means bonus saving!
If you have
money left over at the end of the month, I say put it in savings!
It wasn't until my wife and I sat down one day and took a hard look at why didn't have
any money left over at the end of the month that we truly became motivated to start digging ourselves out of a large amount of consumer debt.
If there is
no money left over at the end of the month to dedicate toward debt, then you can use the tool to analyze categories where you should cut spending to free up cash to settle debts.
The good news for our couple's personal finances is that «technically», they should have
some money left over at the end of the month.
This will expose, if you have
money left over at the end of the month, called a surplus or if you are in the negative, which is called a deficit.
The first is that they are living paycheque - to - paycheque and feel there's
no money left over at the end of the month to commit to bettering their financial situation.