7 Possible Reasons Why You’re Broke

Aside from cultivating an expensive taste or keeping up with your neighbors, here are 7 reasons why you are currently broke.

#1: YOU LOVE MONEY TOO MUCH

You are excessively preoccupied with the thought of gaining and spending money. Instead of focusing on the fulfillment of building a career or business, you gain satisfaction by flaunting your wealth.

#2: SAVING IS NOT YOUR PRIORITY

For many people, saving does not come naturally. It is a conscious decision to stick to your assigned budget or financial plan. If you are not making savings your priority then, you are at risk of financial stagnation.

#3: YOU ARE ADDICTED TO SALES

Who does not love scoring an item for a cheaper price? I know I do! For avid bargain hunters, there is a fine line between needs and wants.

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For instance, you just spent S$30 on an As Seen On TV product. How much did you actually save on this unnecessary sale item? Well, you saved nothing! You just spent S$30.

#4: SAYING “NO” IS DIFFICULT FOR YOU

You accept every invitation or each responsibility that comes your way. Sometimes, declining or disagreeing with other people is tantamount in protecting your finances. Consider saying something along the lines of: “No! I will not be able to lend you money right now.” or “No! I am not interested in that business venture.”

#5: YOU SPEND MORE THAN YOUR MEANS

It goes without saying that you are creating a mountain of debt by consistently spending beyond what you make. Others spend money based on what they perceive to earn that month. However, some people never actualize that financial vision.

#6: “LEGENDARY” INVESTORS DICTATE YOUR CHOICES

Self-claimed legendary investors are prevelant due to social media. These type of investors have potent skills in marketing and poor skills in managing their investment portfolio. Be careful with whom you worship!

#7: YOU NEVER LEARN

Taking a wrong financial turn is forgivable but, continuously repeating the same mistake can take a toll on your finances. Many people who suffer from financial difficulties never learn from their experiences. Instead of admitting that they were wrong, they have a tendency to ignore the issue or blame others for it.

Image Credits: pixabay.com

Sources: 1 & 2

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How To Balance Your Busy Work And Blossoming Romance

No one ever said that cultivating a successful career is easy. Throwing the element of romantic relationship into the mix may make things more challenging. But, you can survive it!

SET YOUR PRIORITIES STRAIGHT

Many Singaporeans choose to shift all their resources to professional aspirations. There is nothing wrong with that. But, isn’t it more fulfilling to share your promotion with someone special?

For those of you who agreed, consider prioritizing both your work and your relationship. Prioritizing one thing over the other does not entail that you have to sacrifice entirely. It just means that you have to commit to temporal adjustments. Start by building a strong ground for both your professional and romantic life. When your employer and your significant other understand that they are mutually valuable, disruptions when priorities shift may not be a problem.

STAY UPDATED

The capabilities of social media are not limited to sharing adorable cat videos to your friends. Its primary purpose is to reach out to the people whom you care for. Allotting a significant amount of time at the office in unavoidable. It is a part of your responsibility as an adult. However, ruining your relationship because you are occupied by your job is avoidable.

Spare at least five minutes to write a sweet message to your significant other via Facebook. You may even send a quick video on WhatsApp. Or, you may call each other before going to work. Simple gestures can make your partner feel appreciated, wanted, and loved. Furthermore, having someone’s support makes it easier to get through a busy day.

SPEND YOUR TIME WISELY

Managing your time is a crucial factor in creating a work-love balance. Personal issues can be avoided with a little forward planning. Let say that your career exhausts much of your time as it demands you to work long hours. As much as possible, plan a weekend getaway with your beloved. Do you fancy staying at these affordable and Instagram-worthy hostels in Singapore?

After this much-needed staycation, you will come back to the office energized. Spending your time wisely may show that you are both devoted to your career and your personal life.

STRENGTHEN YOUR FUTURE

More often than not, people stay committed to each other because they see a brighter future ahead. I am distinctly referring to couples who are in long-term relationships. Financial stability is important in strengthening the future that you want to build. Although the fantasy of winning the Singapore Pools Toto is attractive, but it can become a barrier to accomplishment.

Image Credits: pixabay.com

Image Credits: pixabay.com

It is time to bring a reality check! Take serious steps toward financial stability. Write down your financial goals together and discuss your monthly expenses. Be aware of each other’s financial situation and current income.

Sources:  1 & 2

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