Don’t pretend you have money to blow when you don’t. (Photo/Readers Digest)
The worst nightmare for anyone is being broke. No one wants to be in a state where we don't have money to do some things but guess what, sometimes we find ourselves their and its no juju from the village or one uncle pursuing you, it is simply because of bad financial decision
So you need to stop winging and get on with your life and make smarter decisions next time. But before such a time, their is need to cut-down on certain expenses. It doesn't matter if you are broke for a short while or you are broke for a very long period, there are things you need to do to adjust to the financial situations, to prevent you from acquiring lots of debt.
These are the seven things you need to avoid;
Spend money on non-necessities
One of the hardest things to do, when you’re broke especially, is to rein in your spending and keep it only to the things you need. It’s important, however, to keep your spending to a minimum until you can afford to spend more.
Eat at restaurants
Buy groceries and prepare your meals at home. Take your lunch to work, even if it means having leftovers.Hanging out with friendsWhen you are in a broke state, reduce how much you hang out or party with friends. Spending time with friends outside your house or their house automatically means you would spend money, which you can't really afford when you are broke. If you won't be paying for drinks or food or getting free food and drinks, then stay put at your house.Pay your bills lateLate fees add up and eat the money you do have. If you become too delinquent, some services may be disconnected and you’ll have to pay the full balance due in addition to a reconnection fee.Pretend that you have more money than you doIf people think you have money, they’ll expect you to spend money. You don’t necessarily have to let people know the severity of your financial situation, but don’t pretend you have money to blow when you don’t (even to yourself).