Here are five common reasons experts say americans are overspending. The desire to 'keep up with the joneses' can lead people to spend beyond their means, sherman. When you understand what factors influence your spending, it gets easier to take action to save money and spend less than you earn.

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Overspending is when someone spends more than they can afford. People overspend for different reasons, but they can usually be sorted into one of these three categories.

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