We have heard many times to live within or below your means. If your financial situation has changed also need to change your spending habits. Sometimes, people lose their jobs or part of their income but do not change their spending. It may seem harmless to charge some things, but it can get out of hand quickly. If you are having to charge groceries and other usual expenses with your credit cards, it may be time to take a look at your budget and see where changes can be made.
The same is when you get an increase in salary or a bonus, it is easy to increase your spending.
So if you see someone with an expensive house, car, clothes and other toys, you may think they are doing great, but in some cases they are mortgaged to the hilt and are working hard to keep their neck above water.