10 Reasons You're Still Broke

You have a job, maybe even a good one, but your paychecks never seem to stretch as far as you think they should and ends never quite seem to meet.

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You have a job, maybe even a good one, but your paychecks never seem to stretch as far as you think they should and ends never quite seem to meet. You know you should be saving more and spending less, yet you never manage to do either. You’re hoping your financial fortunes will somehow turn around. In the meantime, the debts keep piling up. Sound familiar?

Instead of waiting for your situation to magically improve, it’s time to take a hard look at all the things you’re doing that are contributing to your financial woes. That’s right: It might actually be your own fault that you have no money. Here are ten common reasons why people find themselves broke. A few will probably look very familiar to you. Follow our advice for fixing your finances and you should be able to dig yourself out of your hole.

Michael DeSenne
Executive Editor, Kiplinger.com
DeSenne made the leap to online financial journalism in 1998, just in time for the dot-com boom. After a stint with Dow Jones Newswires, dreams of IPO riches led him to SmartMoney.com, where over nine years he held several positions, including executive editor. He later served as the personal finance editor at HouseLogic.com and AARP.org. In 2011, he joined Kiplinger.com, where he focuses on content strategy, video, SEO and Web analytics. DeSenne has a BA from Williams College in Anthropology—a major deemed the absolute worst for career success by none other than Kiplinger.