20080723

Careful not to spend more than you earn

Investopedia has a good article about how to look out for yourself financially. More specifically, how to tell if you are living within your means.

Here is an excerpt
Five Signs That You're Living Beyond Your Means
Sign No.1 - Your Credit Score is Below 600
Credit bureaus keep track of your payment history, outstanding loan balances and legal judgments against you. They then use this information to compile a credit score that reflects your credit worthiness. The numerical rankings go from a low of 300 to high of 850. The higher the better. It's this score that lenders use to determine whether they'll grant a loan. In general, any credit score below 600 means that you are probably in over your head.


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