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It's so demoralizing to work day in and day out and still end up being broke a few days after payday. Now you are looking forward to the next paycheck, with a gap of frustration and brokenness in between, No one ever likes to be in that kind of situation, and will it shock you to know that most of the time, being broke is a masterpiece of our doing, yes, you read that right. Some of our financial way of life/ habits makes us vulnerable to be in lack at all times.

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In today's blog, I will be explaining to us the bad financial habits that make us go broke all the time. Stay tuned.

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1 Not paying yourself first

You just got your pay, and you have automatically started thinking about different ways on how to spend your income on expenses, Do you know that the first thing that needs to be done is to pay yourself, take out a reasonable percentage that will serve as your savings before other thoughts.

2 No proper planning

Are you among the people that always complain of not knowing where their money went, how will you know when you don't plan your finances, no matter how inexperienced you think you are, as long as you are making money plan ahead on how to put it into productive use.

3 Spending more on liabilities than assets.

Look around you, most of what you've spent your money on are things that can't yield more income for you, that's so wrong to do, once in a while invest your money on things that will bring in return, no matter how small.

4 Spending above your means

You want the latest designer everything even though you can't afford then, you live your life to impress others, if this is you, sorry, you will always be broke at all times till you change this bad habit of yours, instead, spend within, even lesser than your means sometimes, that way, you have more money to save it put into other valuable use.

5 Having just one means of income

One means of income doesn't cut it all these days, especially if the income is low compared to your normal daily expenses, that is why diversifying is very important as adults, having multiple streams of income add more value to you and also reduces your days of brokenness, in fact, can erase it to a bare minimum.

And finally

6 Being pessimistic

If you are always in doubt of ever being financially free, you will continue being broke because a pessimistic mind will have no driving force or push to work towards changing his or her broke status, also, surrounding yourself with people of like mind, no goals or ambition, instead always heaping blame on other people, like your parent for not being rich or the government. We allow making laziness a pal. That is a broke sentence forever.

CONCLUSION

To break free from being broke, we first have to break free from these bad money habits above, becoming financially free is not a get rich quick type, it happens gradually with self discipline. I hope we all learn and take better care of out finances.

Thank you for reading❤❤