Being broke isn't something new to many Kenyans especially one to two weeks after receiving their salaries. Getting paid usually feels like heaven, however, the money always get drained so fast and you wonder why it happens this way. Here are some of the reasons why you are will always be broke.
You are always into paying off your debts
Your salary checks into your account and the first thing you think of is paying off some debts maybe for some suits you bought some time back and never settled the price or some accumulated bank loans amounting to interests almost equal to what you pay back.
You have the 'Am balling' mentality
You always feel like you should spend more and more on things that you don't really need just to show off to your friends that 'you balling'. You go out to the clubs to have some drinks and offer to buy expensive drinks for your friends only to realize you have spent almost half of your salary.
You know nothing about saving
You've always heard of saving but you've never thought of trying out and see how effective it is. Saving is necessary as it helps solve future financial problems should they show up.
You don't pay your bills on time
Failing to pay your bills on time will make paying them harder since they will pile up and become too much for you settle and still have several notes left to for emergencies.
You swipe too much
Recent technology has made it easy paying staffs with your credit card. However, this is really bad for poor financial planners. Swiping is easy and fun, however, it is hard to keep track of your expenses.