How To Tell If You Are Overspending

How do you know if you’re overspending?

Look out for the signs:

1. You save less than 5 percent of your income

2. Your credit card balances aren’t going down

3. Your credit score is below 600

4. You have no emergency fund

5. You’ve never made a budget

6. You’ve paid an overdraft fee

Even if you’re pretty good with your money, separating your spending can help you in two ways — boosting your savings and/or refocusing your spending in a way that’s more aligned with your values.