moonchild
VIP Contributor
when you are constantly in debt and you cannot pinpoint what is keeping you stuck, then it is time to analyze your habits and discover the sellout, if you are making an income and you are always broke then it has to be fixed, and the habits below are in most cases the reason.
Living Beyond Your Means, if you often find yourself spending more than you earn, or living and buying stuffs to impress others, this is a surefire way to stay in debt. you have to practise to start living below your means and create a budget that works for you and start living and buying what you can afford. cut back on unnecessary expenses and learn to live within your means if you want to get out of debt.
You Don't Having an Emergency Fund, life is very unpredictable, and emergencies can happen at any time without any notice. and without an emergency fund, you may end up relying on credit cards or loans from backs or friends to cover unexpected expenses. start building an emergency fund by setting aside a small amount of money each month to make up for emergencies when they arise.
You Are Ignoring Your Debt, if you have debt and act like it is not there won't make it go away. In fact, it will only make it worse. start tackling your debt by creating a plan to pay it off. you can start with the smallest debt and work your way up.
By Not Tracking Your Spending, do you know where your money goes each month? If not, it's time to start tracking your spending. Keep a log of all your expenses, and review it regularly to identify areas where you can cut back, there are apps that can help you do this, they are hundreds all over playstore and appstore.
Living Beyond Your Means, if you often find yourself spending more than you earn, or living and buying stuffs to impress others, this is a surefire way to stay in debt. you have to practise to start living below your means and create a budget that works for you and start living and buying what you can afford. cut back on unnecessary expenses and learn to live within your means if you want to get out of debt.
You Don't Having an Emergency Fund, life is very unpredictable, and emergencies can happen at any time without any notice. and without an emergency fund, you may end up relying on credit cards or loans from backs or friends to cover unexpected expenses. start building an emergency fund by setting aside a small amount of money each month to make up for emergencies when they arise.
You Are Ignoring Your Debt, if you have debt and act like it is not there won't make it go away. In fact, it will only make it worse. start tackling your debt by creating a plan to pay it off. you can start with the smallest debt and work your way up.
By Not Tracking Your Spending, do you know where your money goes each month? If not, it's time to start tracking your spending. Keep a log of all your expenses, and review it regularly to identify areas where you can cut back, there are apps that can help you do this, they are hundreds all over playstore and appstore.
