Most of us always saying" i made a good salary, but i never feel like that i have enough money."
So, what is going on? here are five reasons why most of us feel broke although he or she make a good money.
Not having money goals
It is true that saving money for the sake of saving doesn't work with most of us. But, if you work all the month and receive your sale at the end, it is natural to reward yourself by spending money on some thing that make you happy.
But if you identify what your goals are, the saving will become something that you want to do.
Saving for something amazing like buying the house of your dreams is something useful. So, write down your goals and identify how much money you need and start saving for it.Not tracking progress
The first thing you will want to do is to figure out your net worth, most of people don't know how to figure out their net worth. The figure of your net worth is the sum of your assets mines all of your liablities. The second step is to set a "money date"with yourself to track net worth over time, you can do that every month. If you do that , you will know where you are stand and if you are making progress or not.low value purchases
If you don't have a plane for your money, it seems that you will fall a victim for low value purchases and lose your money. Every dollar you spend is a trade-off. Being minful of your purchases will ensure that you spend your hard earned in a way that actually adds value to your life.Too much overhead
You might be living a life you can't offerd, how do you know that?
Make a list of your fixed costs, if it comes to half of your monthly take home pay, you are over headed, then you can reduce your costs. Every dollar you reduce from your fixed costs will help in your annual savings.High-interest debt
If you pay your purchases by your cridit card, but you don't pay it off every month you will get in paycheck- to paycheck and the money of your take home pay will be spend in the interest of your purchases that you made.