Broker Than a Joker: Signs That You’re Not Good With Your Money

August 23rd, 2011 - By Victoria Uwumarogie

Besides Fridays, I’m pretty sure pay day is your favorite day of the month. We sing songs about getting those checks and direct deposits (“Just Got Paid” by Johnny Kemp for instance), and a sour day just turns awesome because you have new money in your account. Oh happy day! But are you happy it’s pay day because you love getting reimbursed for your hard work, or because you’re running low on funds thanks to terrible spending habits? If “money is funny” is your mantra, then you’ve got to do better. But how do you know when you’re not spending your dough right and that it’s a problem? There are a few signs, and believe me, I know ‘em all too well (*puts down head and makes the shame face*).

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  • BP

    These are true, and the list could go on! I personally do not carry cash regularly I’ll admit, but that stems from a previous experience of my purse coming up MIA! I will however take cash when I go out because when its out, it’s out. I try to keep my spending minimally because I have a goal to pay off my student loans sooner than projected!

  • Teflon Mom

    I would add – before you shop, take stock of what you already have. I've been guilty of this in the past, but once I started to really go through my closets and drawers it was like I went on a shopping spree. It can save you a lot in the long run.

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  • legemeaux

    I don't carry cash either and my finances are straight. I may have 10 or 15 bucks on me to pay for parking or something. that one does not correlate to being bad with money.

  • HeadSmackeroni

    How do you not carry cash?
    Like what world are you living in?….

    • L-Boogie

      The same one you live in.

      • HeadSmackeroni

        Apparently not seeing as I always have cash on me.

        I don't shop for items such as clothes, shoes, etc. with credit, or a debit card. I don't think I've used my bank card in 8 months actually on such items, credit card(s) use is for car emergencies, or other major emergencies.

        Damn it's no wonder me and my fiance' are about to move into a beautiful home in Cohasset while others can't even keep a home in some half-assed suburb..

        LOL do better people.

        • L-Boogie

          I am glad you and your fiance are doing so well. Congratulations.

        • AttnGentlemen

          I think what L-Boogie is trying to say, and I wholeheartedly agree, is "F**k Off."

  • http://unemployedblackman.blogspot.com/ Samuel L. Blackson

    You forgetting one thing. The things we spend money on correlate wit our well being.

    • Bill

      That is correct. However, it is unwise to spend money you don´t have or that you need for other things.
      I, for example, have a weekly budget which is less than I make per week. This way I cannot overspend and if I REALLY want to buy something, or eat out, or go to a concert, then I can take the rest of the money. If I don´t have a special occasion to spend it, I put it in a savong account at the end of the month for hard times.
      Doing that, I can splurge a bit yet still save.

  • JustAshley

    I disagree with the "You Never Carry Cash" one. Personally, I ONLY carry a debit card and that curbs my spending because I'm reluctant to whip it out for little purchases.

  • L-Boogie

    Deanna, I also agree I carry my card because it is more convenient and just because your strip is worn does not mean you are using it too frequently. I do not have a wallet so I just put it in my pockets and it has been dinged up.

  • Deeana

    I don't think not carrying cash really means your bad with money. I'm so frugal it's scary. I don't carry cash because the card is more convenient to me. I guess I'm a minority in that sense.

  • L-Boogie

    Unfortunately, many Americans are stupid this way. However, I believe that a lot of people mismanage money because they are not taught how to properly manage it. For example, coupons are a must. The money saved from grocery shopping can go into an account or a coffee can. Have extra money just do not spend everything up and expect it to rain next month. Also, when shopping only hit up the sales…people can save so much money if they only shop sales or consignment shops (thrift stores). All these tips seem cheap; however, in the end it will save you money for emergencies and other things that may pop up in life.

    • Araina

      L-Boogie,

      I am a coupon clipping fool now. I only shop from clearance racks and when I need to replace essential items in my wardrobe. I treat myself every now and then but I'm still struggling with eating out vs. preparing my own meals at home. I will conquer that beast before long. I grew up in a poor household where everything was scarce and money skills weren't taught to us kids but in my adult life I am learning so much and very quickly. When/if I have children I plan to teach them the value of good spending, saving, and credit habits because they are essential in today's world.

      • L-Boogie

        Araina, we could hang out. I shop clearance racks unless I need to replace something I wear on a regular basis (i.e. jeans, slacks, and shirts) then I pay regular price. Only if I have to.

  • Araina

    This article is all to true of so many Americans. I found myself thousands of dollars in debt because I was completely careless in my spending habits. Years later, I am still paying back what I spent plus more. I have certainly learned my lesson. I now have a savings, a retirement account, and am eagerly working toward the day when I will be debt-free. Brothers and sisters, learn from my mistakes and make sure your money definitely isn't funny.