Being broke is tough, being broke because of misusing money is worse.
Here are our tips on how to avoid this situation guys;
Change your thinking
You should change your mindset on how you handle your money matters. A change of mindset allows you to think carefully before spending any coin on anything.
Are you an impulse buyer just because you have spare cash? At times you splurge just because you have extra money. Moderation is key here.
This can really help you save a lot of money that can be useful once you run out. Especially if you are in table banking and such saving groups, it will help you to spend less money as you save more. This will also help you to attain your goals in life.
Create extra income
When you depend on one income it will be costly as money is spent on a daily basis. You can start a business and find other jobs to do such as online jobs that earn you extra income especially if the current job is not paying well.
If you spend money to show off chances are you are going to misuse it. Have a wise way of spending money on the necessities and basics and limit luxury.
Live your life
Most people make a mistake of living lives of other people who happen to be having more than them. This may lead to you being broke. Understand you lifestyle, class and live by it. Do not try to live a life that you cannot manage to afford. Appreciate your own lifestyle and work towards making it better.
Make money plans
Every penny you spend should be well budgeted. Have a plan on how you going to spend your money either in doing shopping and go as per the planned budget.