8 Mistakes that Keep People Broke

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may 2014

learn how to make smarter choices with your money

8 Common Money Mistakes that Can Keep You Broke

A man with empty pockets signifying he's broke. Many people wonder why they never seem to have any money. They know that they earn a decent income, but they never feel like they have any money left over at the end of the month.

Unfortunately, there are a number of traps that people can fall into that gobble up large chunks of their income and leave them with little or nothing. Here's our list of the 8 biggest, common money mistakes that cost people thousands of dollars and leave them broke every month.

What Can "Throwback Thursday” Reveal About your Money #TBT

Familiar with #ThrowbackThursday (#TBT) on Instagram, Facebook or Twitter? You post pictures from “a while” ago so that you and your friends can enjoy reliving past events and laughing about good memories.

While fun for some, others would prefer to forget the past, especially if it included trouble paying off debt.

Let’s do a throwback to your finances and take a look at your credit card balances. How do they compare to what you see today?

Don’t like what you see? Here are 3 things you can do to get back in control of your money.

How to Get Out of Debt and Stay Out of Debt

A budget calculator can help with bills and debt.

Debt solutions and strategies to get out of debt can vary for everyone, however, the sooner someone is able to deal with their debt, the more options they generally have available to them. Part of getting out of debt is learning new money habits, which help someone stay out of debt in the future.

Here are 9 options for getting out of debt and practical steps keep you out of debt.

5 Steps to Re-Establish or Fix Your Credit for Free in Canada

Someone who is here to help you fix your credit score. Some companies claim to be able to fix your credit – and do it fast. While there are a number of things you can do to try to quickly improve your credit score, most issues require time and planning.