outgo

n. Opposite of having a positive net income. Outgo is where individual gross spending outweighs individual gross remunerations, resulting in a financial deficit. The word implies chronic assuetude, habitual of a wide range of the demographic, for example, unemployed college students and MySpace employees. This word is not to be confused with "outgoing".

Person 1: I've been eating out like everyday, man
Person 2: Oh yeah? How's that going for you?
Person 1: Amazing, but I've been living on an outgo.
Person 2: Dude, you need to cut back
Person 1: .........nahhhhhhhhhh