If you are an average income earner, monitoring your expenses is very important. To be able to make the ends meet, income and expenses should be balanced and manage well. Common expenses of every family are light, water, internet connection, cable subscription, grocery items for the week,medical expenses, miscellaneous and a small amount for leisure activities.
If expenses are higher than income, there is a big problem. Being tied up with debt is a difficult situation. That is why many credit card holders trapped into debt because of credit card misuse. Be financially stress free, better to control the expenses instead of having debt that would make your life miserable.