I was scrolling Facebook wall recently and many comments under home finances articles motivated me to write this post. I’m literally terrified how many people struggle with their finances just because they lack basic financial knowledge. People blame too low earnings (and of course their employers!) while the source of problem is mainly in THEM! If you feel you may have the same problem, please find out below why you never have enough money.

Why you NEVER have enough money – 5 general points

I’m very sad to say that most people NEVER have enough money because they:

• overspend money on things they don’t really need
• live on the higher level than they can afford to
• don’t understand how finances work
• buy with emotions
• try to show others they have more money than in reality

Those are FUNDAMENTAL mistakes which will not let you slow down even for a bit. Just improve in all of those above factors and you will see huge difference in your budget very soon. Additionally I have a few REAL LIFE and SPECIFIC advices which will help you with finances straight away.

3 VERY IMPORTANT things to improve your finances STRAIGHT AWAY

1. You pay too high rent every month. Most probably your house is too big and you can change for smaller one (if you like to have a garden) or even flat. The other thing is that maybe you try to have too high standard while your earnings aren’t good enough but you just want to make good impression on your friend and neighbors? Just DON’T! What for? Don’t live on higher level than you can really afford to. In my opinion you definitely should care if the district you live in is safe though. That’s important factor. Never try to save on your safety!
2. You drive too expensive car. Low earners shouldn’t drive never car than 10 years old. If you earn quite decent amount of money every month, still, what’s exactly the point the drive brand new car? 5 years old one would be still good enough! Again, don’t live on higher level than you can really afford to. Please also look for a few more ideas how to save on your car while you have it: https://www.moneyadviceservice.org.uk/en/articles/cut-your-car-and-train-costs
3. Shopping in wrong supermarket will be emptying your pocket on very regular basis. From my experience you should avoid Sainsbury’s, Co-Op, Waitrose and even Tesco. If you never did, go and check prices in Lidl or Aldi. They have very competitive prices as their business model is very efficient. Also Asda  Avoid Indeed some of the products If you think they don’t have enough products on shelves, just shop in Asda which is in my opinion good compromise between decent prices, quality and range of products.

3 more things to eliminate “never have enough money” problem

1. Spending hundreds maybe even thousands of pounds in garages every year is another serious reason. Most chain car services will most probably rip you off whenever you go there for new MOT. Avoid Halfords, KwikFit etc. Open your Chrome, find local garage with good reviews and go there to check your vehicle. However, the best you can do is to take your car to independent MOT station. They won’t fix your car onsite. All they do for you is car check. Their best interest is to make sure your car is safe to drive and that’s it.
2. You use credit cards in WRONG way. You should NEVER go above your credit limit. What’s more, you should NEVER use more of your credit limit than you are able to afford to pay within interest free period (which varies between 40 and 55 days usually depend on credit card provider). It will costs you dozens or even hundreds of pounds every month if you are huge over-spender! Credit cards are good to build sustainable credit score and
3. You don’t take part in refer a friend programs. They will provide you hundreds or maybe even thousands of pounds to your annual income if you will be smart. Just take a look how many of them I gathered for you on my blog: https://www.supereasymoney.co.uk/category/refer-a-friend-deals/ 

Please let me know in comments your reasons and ideas to solve them if you or your friends struggle with finances too!

You may also like:

Nutmeg – refer a friend – £100/friend

moneycorp – refer a friend – £75/friend

RateSetter – refer a friend – £100 bonus!

Please keep on mind that I’m NOT a financial adviser and you shouldn’t treat above post as any kind of financial advice. This is just my blog where I share my knowledge but I can be wrong while doing so! Also please remember that any financial decision you will make might affect your finances either positively or negatively. Your capital is always at risk when you invest. You should always read T&C (Terms and Conditions) to make sure you know all the rules.