Being broke implies having enough to cather for your needs, but It’s always not enough to save because of the way you misuse it.

Now, Below are the reasons as to why people always end up being broke:

1. Lacking a Budget.
Planning your budget is always good so that you don’t get to misuse what you have.
It helps you not lack and prevents those scenarios where you are grounded in the middle of the month even when you had been paid enough to sustain you the entire period.

2. Competing with Wealthy people.
This is a very common practice by people trying to show off that they can as well pull moves that the wealthy people are doing, like wanting to put yourself in a level you are not in.
Always live by your means and adhere to your budget, everybody runs their own races.

3. Pleasing people.
Being kind doesn’t necessarily mean you will have to say yes to everything you are asked about, you need to learn to say no and stick to it and accept that you can’t please everybody.
Learn effective techniques of saying no to the majority of the things that don’t work for you.

4. Lacking Goals.
Setting objectives for your life is crucial. Without having ambitions, you will not have a sense of direction, and thus you will end up making mistakes because you lack directions.

Set both short and long term objectives.