What is another word for paying out in excess of income?

12 synonyms found


[ pˈe͡ɪɪŋ ˈa͡ʊt ɪn ɛksˈɛs ɒv ˈɪnkʌm], [ pˈe‍ɪɪŋ ˈa‍ʊt ɪn ɛksˈɛs ɒv ˈɪnkʌm], [ p_ˈeɪ_ɪ_ŋ ˈaʊ_t ɪ_n ɛ_k_s_ˈɛ_s ɒ_v ˈɪ_n_k_ʌ_m]

There are various synonyms for the phrase "paying out in excess of income." Some possible substitutes include: overspending, going into debt, living beyond one's means, maxing out credit, running a deficit, and overextending oneself financially. Each of these terms represents a different aspect of the financial challenges that arise when one spends more than they earn. While some people may do this occasionally due to unexpected expenses or emergencies, chronic overspending can lead to significant financial problems, including credit card debt, bankruptcy, and foreclosure. To avoid paying out in excess of income, it is essential to create a budget, live within your means, and prioritize financial literacy and responsibility.

Synonyms for Paying out in excess of income:

How to use "Paying out in excess of income" in context?

Income is important, but it isn't everything. Sometimes it's necessary to take out more money than you're making in order to pay off debt, save for a down payment on a house, or simply prepare for potential financial emergencies. When you're able to pay out more than you're taking in, you're said to be "paying out in excess of income." There are a few things to keep in mind when you're paying out more than you're earning.

1. Make sure your payments are manageable.

The key to paying out in excess of income is to make sure your payments are manageable.

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