Here are 5 possible reasons you are always out of cash quick
Have you ever been in a situation whereby you have money in an instant and within few hours or days, the money is all gone? Why do you always run out of cash so quick?
It could be the way you spend it or your lifestyle. Money is hard to get but very easy to spend, which is why you need to watch how you spend.
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Here are possible reasons you are always out of cash quick which is might be leaving you broke all the time.
1. Shopping without a list
You need to understand that a list is like budgeting for your shopping, removing unnecessary things from your shopping list.
The difference between shopping with a list and without a list is the fact that with a list, you shop with a purpose and you have an idea of everything you need to get but shopping without a list means you just shop without having an idea of what you want to get, leaving you shopping for things you don’t need at the end of the day which might leave you out of cash quick.
2. Saving in your regular account
If you save in the same account you also use for your regular transactions, it might be a reason why you are always out of cash quick. Not only might it get you out of cash quick, it also won’t make you reach your saving goals quick.
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You need to have a different account to operate your regular spending account and a different one for the sole purpose of savings.
3. Gambling
Gambling is a bad lifestyle habit that will always leave you out of cash quick.
There are a lot of risks involved with gambling and these risks are not reasonable risks you should take because it could take you from zero to hundred which is rare and you could go from a hundred to a zero which is more.
Gambling can make you spend all your life earning.
4. Food wastage
If you have the habit of always wasting food and throwing away leftovers, then you might always run out of cash quick.
You spend money buying these foodstuffs, so if you keep wasting and disposing of leftovers, you are actually wasting money, which you might not know but is actually making you run out of cash.
If you can’t eat it all, you should preserve your foodstuff in the refrigerator until next time you want to have a bite.
5. Living larger than life
A lot of people spend on things to either show-off and show they are living the good life but living the larger than life lifestyle might be a major reason you are always out of cash quick.
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If you can’t afford to live the expensive lifestyle, stop it and respect your financial status. Stop living your life to impress others or show off.