Where is Your Money Going — Here Are the Secret Reasons You’re Always Broke

It's like a look inside a crystal ball, but what you see may make you made. Here are the secret reasons you're always broke, where is your money going.

TOP FIVE THINGS YOU DO THAT ARE MAKING YOU BROKE

• Too long in between paychecks, feel deprived and deserving of a treat? Find yourself spending your tax refund instead of saving it or paying down debt? If you have debt and spend your money on wants you will continue to dig yourself into a hole of debt
• Convenience is draining you... disposable products, quick trips to the quick store for items in between paychecks, etc... the money spent on these things would go farther if you went to the grocery store and relied on products you can reuse verses just throw away
• Taking on debt, like credit cards. People earning less than $30K have been found to have more credit card debt than money in savings. With higher interest rates on these cards you can easily find yourself in greater debt than you could imagine.
• Patience is a virtue, ever hear that one? Buying what you want when you want if verses saving up for it can get you and keep you in greater debt.

According to the Bureau of Labor Statistics' consumer expenditure surveys, consumer units (which are kind of like households) categorized as earning between $30,000 and $39,999 earned an average pre-tax income of $34,655, but they spent $36,093. -USA Today

• Have no savings. When you live paycheck to paycheck you convince yourself that you need every penny, but don't think twice about spending $50 on nothing (a few $2-$4 trips to the convenience store add up quickly) That doesn't mean you shouldn't spend a penny, but try putting away $25 or even $15 of that $50 you would spend and watch how quickly it grows. You still have money today and now you have a little to fall on tomorrow.