We are used to blaming getting broke before the month ends on "the little amount of money" we earn when we are actually bad at handling cash.
Although this could also apply for those who have a lot in hand to do, some just don't have the basics of making money last until another payday.
Here are three reasons you usually get broke before the month ends:
1. You have a single source of income
It is quite obvious that a single source of income is never reliable.
No matter how much you earn from your salary or business, as long as it's a single source, then your needs will always heap out of hand.
To avoid getting broke before the month ends, you should consider seeking a second, third and even fourth source of income.
2. You can't distinguish your needs from your wants
Some of us are poor at distinguishing between wants and needs.
In simple terms, needs are those things that we can't survive without while wants are not really pressing and we can live without them.
Once you receive your salary, always maximise on your needs.
Never let your wants' spendings override those of your needs.
3. You don't save
Saving culture is so key. Some of us lack this culture, and this attributes to why we can never have something in our accounts even as other payday approaches.
With savings, you can never be caught off guard if something goes wrong. You should learn to save if you want to manage your finances wisely.