Exploring 5 reasons you are always broke

Being sometimes means you have responsibilities while at times it means you overspend. Here are five primary reasons individuals consistently find themselves short on funds include:

Spousal spending: An uncontrolled spouse who does not share financial responsibility or awareness can lead to unnecessary spending.

Denial: Refusing to acknowledge the need for better financial management leads to continued poor decision-making.

Lack of budgeting: Failing to track and allocate resources effectively leaves individuals vulnerable to overspending.

Unnecessary housing costs: Excessively high rental or mortgage payments force other necessary expenses to take a back seat.

Overspending: Buying more than one can afford using debt creates a cycle of indebtedness that prevents accumulating savings.

Addressing these issues requires self-awareness, honest communication, and disciplined financial practices.