Wealth vs. Income
Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend! – The Millionaire Next Door
If you are overspending, the first step is to create a solid budget where your income exceeds your expenses and you have a margin for savings.
Today's tip brought to you by Mvelopes and Money4Life Coaching.