3 Reasons Why I Don't Have Money

If you have asked that question to yourself, don't worry because you are not alone. Let's summarize why you're still broke.

1. Spending tomorrow's income today

People often spend all the money they get upon payday. They lash it out on luxurious restaurants, hanging out with friends while drinking, and etc. Five days before the next payday, they eat cup noodles, corned beef, or smell dried fish while eating rice.

The root problem is not the money that you are earning. It's how you manage it. There are some people who are earning less and yet still manages to set aside money for savings. On the other hand, there are people who earn big money but end up being broke.

2. Buying things that you don't need

Upon receiving the pay check, they spend it on buying new clothes, gadgets, or anything that money can buy even if you don't need it. Be practical with how you spend your money. Your ball pen doesn't have to be Parker or G-Tech. It can be Panda, Lotus, or HBW. At the end of the day, it writes.

3. Lending too much

This is one toxic filipino culture where people lend money to their loved ones. The truth about personal lending is consider it gone upon giving it to the person. When they receive the money, they will thank you thousand times for helping them survive. But when you ask for the money back, they wouldn't show their faces anymore.

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