I guess it depends in what sense you consider spending more than you make a bad thing... if you take out a credit card or a loan, you spend more than you make, but, you expect in the long run to earn enough to pay off the loan and the interest the...
Mercer is a really good place to apply for an internship though they do expect penultimate year applicants. I know people that did work at HSBC over their first year holdays, that could be a good place to look.