The reason you’re in debt may be hiding in plain sight

More Americans appear to be spending beyond their means. And as one Reddit user discovered, living that way for too long can make it difficult to get back on track.

The Redditor, who goes by vitreous_luster, posted to the personal finance subreddit seeking help creating a budget for the first time. After working through his costs, he discovered that he was roughly $700 in the hole every month, with monthly expenses adding up to $2,100 and a monthly income of just $1,430.

“I lost my full time job this past April and I’m now working part time at a bank while also attending college during the day,” he wrote.

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