Why You Are Still Broke
June 01, 2016
Do you find yourself looking up your bank account balances and wonder why they are so low? Then on the other hand you look up your credit card balances and they are high? Do you feel like you are never going to get ahead? You have a good job and work hard but you are constantly worrying about money and paying the bills. If you lose your job or an emergency arises, you don’t know how you will get by. Most often, the reasons for this situation are very apparent.
You are living beyond your means
If you are buying things and putting them on a credit card because you don’t have the cash, then you cannot afford it. Create a budget and stick to it. You will most likely discover that you don’t need a lot of the stuff you are buying. There is a big different between a want and a need. A want is something you would like to have such as dinner out at an expensive restaurant or a new outfit. A need is something you must have to survive such as food and shelter.
You believe earning money is difficult
If you were raised to believe things like “it’s hard to make a living” then that is another reason you are broke. The subconscious mind is a powerful tool.
You believe you can’t learn money management skills
Perhaps you don’t know how to handle money. Or you find it difficult. Learn how to manage your money. Read a book, attend a workshop, meet with your benefits department at your work. There are many free ways you can learn more about your money.
The first step is to create your budget and stick to it! If you would like help getting yours started, please contact us at 763-231-9510 and we can email you over our budget worksheet.