Several people lead a broke lifestyle without knowing it. It's hard sometimes to understand whether you are broke or not. But in this article, you find some of the common signs of being broke;
1. You can't save for the future
The very first sign you are broke is when you can't save for the future. Despite how much you earn, all of it goes to your basic needs.
That means your basic needs take up all your earnings leaving you with nothing to save for the future.
You are only financially secure when you can set some money aside for future use.
2. You live paycheck to paycheck
This means you spend all the money in your account before your next pay arrives. This is often experienced by many people and it's funny that they don't realize they a living a broke lifestyle.
Your are financially fine when you can live the life you desire with or without the paycheck.
3. Monthly bills are a struggle for you
Talking of monthly bills, I mean house rent, electricity bills, cable TV subscriptions, water bills and your transport to work.
If it happens that you struggle with such bills, the truth is you are broke.
We can always do away with living a broke lifestyle by seeking alternative or additional sources of income so our pockets can never run dry.