In The Red

When you spend more than you earn and the total amount of money that you're spending turns out to be more than the amount that you're brining in causes a budget deficit.

For example, if you spend $100 per week but earn less than that every week, that's a budget deficit. In addition, sh...

• Spend less money than you earn
• Always plan for the future: you should always look forward beyond the current month
• Make your money make more money: invest, start a business or invest in your education.

Financial wellbeing can't be measured by only focusing on how much you earn. The gap between what you earn and what you spend is an important figure.

Household savings fell by 30% during a period when median real income rose 40%. Even though Americans earn more than ever before, ...