If you hang out with friends, go out to dinner, and leave the house a lot these days, you're in good shape, a lot of people spent a good part of 2020 and the first part of 2021 isolated at home, waiting for coronavirus vaccines to arrive and things generally improve.

Over the past two months, things have gone well, and it is natural for you to want to make up for lost time, and there is only one problem, which is that you may unintentionally overspend, and consequently damage Your financial situation, here's how to tell if you're overspending.

You can't pay your credit card bill

Many use the credit card for expenses throughout the month, but if you find that you are unable to pay your bill in full, this is a sign that you need to cut back on your spending, as any time you carry a balance on the credit card, you commit yourself to paying interest.

Use your savings frequently

There's nothing wrong with withdrawing money from your savings account occasionally to fund a larger purchase or pay for a vacation, as long as that money isn't part of your emergency fund.

But if you've tapped into your savings account in the past few months to cover daily spending, it's a sign that you may need to rethink things.

If you use your savings account to cover everyday spending, that's a sign that you may be overspending (Getty Images)

Don't save money like you usually do

Saving money every month is a good thing, and if you normally do, congratulations, but if you haven't saved any in the past few months, it might be time to take a closer look at your spending and make some changes.

How do you reduce your expenses?

If you realize that your spending has been overstated recently, a good solution is to set a specific budget. This gives you a clear understanding of your expenses, and you may be able to funnel some money into the spending categories that are most important to you.

It's also a good idea to automate your savings so that some money is transferred from your checking account to your savings account each month, before you dispose of it.

If you don't have a problem with short-term savings, set up an automatic transfer to your IRA, so that the money is set aside for retirement.

The writer concluded by saying that it is a good thing that it has become easier to go out and have fun these days, just don't let your freedom get in the way of your personal finances or make you indebted.