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Sep 5, 2023 · Last Updated: September 5, 2023 Approved. If you're sick of being broke, it's time to take control of your finances! Whether you need to work on your spending habits, learn how to save, or find ways to earn more money, you can find a way to stop being broke.
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- You’re living paycheck to paycheck. If you’re spending every dollar you take home, you are, by definition, broke. More than 75% of Americans are living paycheck to paycheck (with little to no savings), which means that, right off the bat, at least three-quarters of us are impecunious.
- You have credit-card debt. There’s no such thing as “good” debt. The debtor is always slave to the lender.
- You have student-loan debt. Read our lips: THERE’S NO SUCH THING AS “GOOD” DEBT, DAMMIT!
- You have a monthly car payment. Ahem.
Dec 27, 2023 · How To Stop Being Broke — 16 Best Practices To Get Better. Charlik. ·. Follow. 14 min read. ·. Dec 27, 2023. Being broke can suck and if wondering how to stop being broke this is...
- Charlik
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May 29, 2020 · You can open your mail, you can make a list of how much money you have in your accounts, you can write down what bills are due when, you can call your creditors and landlord and let them know what you can do for now. Still, there needs to be an understanding that the emotional bill comes due, and will need to be resolved.
- Columnist, The Cut
- You’re Lazy. I hate having to use cash, but there are a few things that you must have it for. So you have to go to an ATM to get it. The nearest branch of my bank is three looooong cross-town blocks away, which is a lot of blocks when it’s cold and icy or raining.
- You Don’t Make Enough Money. This one may sound obvious, but what are you doing about it? If you’ve already minimized your living expenses, cut all your frivolous spending, and still can’t make ends meet, then there is only one way to fix that- you need to make more money.
- Your Socializing Is Expensive. How often do you go out a week? Once or twice with friends, once or twice with a date, once or twice with co-workers? How much is all that costing?
- You’re A Brand Slave. There are a few reasons people always buy a name brand or a particular brand of something. It’s familiar, what your parents use; it’s what your friends buy.
May 24, 2023 · You can change your life if you're tired of being broke! Being broke can be mentally and emotionally exhausting. Breaking the paycheck-to-paycheck cycle and getting to a point where you’re living within your means will come with sacrifice and some bumps in the road as well.
May 7, 2023 · Reason 1: You don’t have the right money mindset. You might have heard this before, but having the right mindset regarding your life and finances is essential for success. If you are always telling yourself, I am broke; your perspective will prevent you from succeeding. The way you think about things translates into how you act.
