In our pro-debt culture, people are applauded for living within their means. Success stories appear every day that tell the same tale: “My money was all chaos, and then I created a budget and stopped spending more than I make!”, to which twenty congratulatory comments will follow, ranging from “wow you’re so disciplined!” to “omg congratulations this is such a huge achievement for you!” Why? Because living within your means with so much available credit is hard. Damn hard. But it’s not enough. We need to talk about how not spending more than you earn is the minimum — as in, the bare minimum — to enjoy any kind of control over your finances. Living within your means is like getting a C in math class: congratulations, you passed, but no one would trust you to teach Calculus. Eventually it runs out Credit — and the lifestyle it affords — are easy to access, but only […]
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