Thats not a very responsible attitude. Take the same attitude to your household budget and you'll end up in debt.
A country's budget is not the same as a household budget. It's a bit complex to explain but I found this blog by Michael Rosen which puts it into fairly simple terms:
b) a national economy is not like running a household because of i) the link between spending and income. When a government spends, some of its spending goes on paying people who then pay tax back to the government with what they're paid. That can't happen in a household budget. ii) What's more some government spending is on projects that generate wealth - which cause new businesses to be created e.g. a new railway may well cause new businesses to be needed to make stuff to create, service the railway and then to be created near where the railway is. Again, not like a household. Or, indeed,(iii) government spending on hospitals and schools can 'cure' people or educate them so that their 'labour power' is valuable enough to be able to go to work, and pay taxes i.e. income to the government. And (iv) in the case of the UK economy, it can issue currency ('print money'/ make 'magic money'. This will alter the value of money itself i.e. devalue it, make it worth less in the international currency markets. This will make UK goods cheaper when non-UK countries buy them. Issuing currency will nearly always also enrich the rich. The UK have issued £350 billion in the last 5 years. Saying that the UK was 'like' Greece or Portugal was a lie, is a lie. Those countries can't issue currency. That's why, when BBC interviewers etc keep saying we were or are 'living beyond our means' it's meaningless and misleading.
michaelrosenblog.blogspot.co.uk/2015/05/running-economy-is-like-running.html
Before anyone starts muttering about Rosen being Leftwing and biased can I point out that what he is saying is a matter of fact and most economists will tell you the same, though in less understandable language.
If anyone wants to doubt what Rosen says I googled 'why is a country's budget not the same as a household budget?' plenty of results all saying much the same thing
tinyurl.com/hmhnjg5
This household budget analogy is a big con, particularly when used by Tory governments to justify cutting public services (Maggie Thatcher was very keen on her 'prudent housewife' image in this respect). It's a jolly good con though as people intuitively feel it to be right; it's kept people voting Tory for years and seems to have helped to get us out of Europe.i8