Why You’re Always Broke — And How to Fix It

in #moneymanegment10 days ago

Why You’re Always Broke — And How to Fix It
Let’s be honest — making money isn’t always the problem. Keeping it is.

Too many people are stuck in the same cycle: payday comes, and by the end of the week, the money’s already gone. So what’s going wrong?

Here are 3 reasons you're always broke — and what to do about it.


  1. You Spend Before You Save

Most people wait until the end of the month to save what's left. But guess what? There's usually nothing left.

✅ Fix it: Save first. Even if it’s just 100 Birr a week, put it aside as soon as you get paid. Call it “paying yourself first.”


  1. You’re Subscribed to Things You Don’t Use

Streaming apps, premium plans, mobile packages — they add up. A few hundred birr here and there becomes thousands by the end of the year.

✅ Fix it: Review your subscriptions. Cancel what you don’t really need. That extra money could go to savings or investing.


  1. You’re Trying to Impress People

Buying clothes, phones, or gadgets just to look “successful” is a fast way to stay broke. People forget what you wore. But your bank balance remembers.

✅ Fix it: Spend for your goals, not for people. Real success is quiet — it shows in freedom, not fashion.

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