What is another word for paying out in excess of income?
Pronunciation: [pˈe͡ɪɪŋ ˈa͡ʊt ɪn ɛksˈɛs ɒv ˈɪnkʌm] (IPA) 
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.
