what does "living beyond your means" mean?

Answer 1

It either means you are hooked on a drug called "poverty consciousness" 

- (because you will always be poor if your expenditures exceed your income) 

- or you are "delusional"  

- (because, like it or not, you will always be poor if your expenditures exceed your income.)

Answer 2

It means you takey takey more than you makey makey. 

Answer 3

credit

credit

credit

oh yes 

Answer 4

It means spending more money than you take in -- i.e. charging things you can't pay for.

Answer 5

spending more than what you can afford...on credit.

Answer 6

Outgoings exceed your incomings.

In other words spend more then you earn.  Either living in debt on a credit card, or borrowing money (maybe against a asset) to spend. 

Answer 7

as it says , you cant afford it now , fork out the cash , then you live beyond your means , everything on credit .

Answer 8

spending more money than your income

Answer 9

It means stretching out too thin in away that will Quickly Burst your Bubble.

Answer 10

"Living beyond your means" is when you cannot afford 'the good life', but assume you deserve to anyway, and start attaining things that will get you that life even though you have no way of paying for it at your present time. 

Example:

You want to look like a player, so you max out your credit cards buying bling for yourself, with absolutely no way to pay the bills on your salary. You eventually end up bankrupt, losing all the things you got for yourself, and getting a really fcked up credit score that will haunt you for the rest of your financial life.