Why do I struggle with money?

Why do I struggle with money?

Another common reason people struggle financially is that they live beyond their means. This means that they spend more than they earn, creating massive debt that keeps them feeling trapped. Sure, it takes money to live, but you've got to live well below your means in order to get ahead.

Why do I always have no money?

There is a reason you are broke – either your spending is completely out of control, or your debt is out of control. If you are tired of always being broke, then you have to decrease your spending, get out of debt and find a way to make extra money.

What does struggling financially mean?

financially struggling to me is not having enough money to pay for the basics of life, eg, food, housing, necessary bills (eg, electricity) and transport needs.

How much money is fun a month?

So what's the most you should be spending on leisure activities and entertainment, or what you might call 'fun'? According to Corley, the magic number is 10 percent of your monthly net pay, or what you take home after taxes and other deductions.