Categories: Trending

16 Reasons You Can’t Escape The Poverty Trap

You don’t differentiate wants from needs

It might seem quite difficult to separate your wants from your needs; in fact, most people can’t do it, says Grayson Bell, personal finance blogger at Debt Roundup. But it’s not impossible. Instead of using the word need for everything you want to buy, take a step back and think twice before making a purchase. See if you really need it.

Sure, you’ll need a car to move around but do you really need the luxury model? The moment you’ll be able to get rid of this mentality is the moment you’ll also stop being poor, says Bell.

RELATED: 8 Things It’s Smarter (and More Profitable) To Rent Than To Buy

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

smartlivingtips

Recent Posts

8 Must-Haves During the Coronavirus Pandemic

The entire world is in turmoil as the novel coronavirus continues to spread at a…

5 years ago

15 Items That You Completely Forgot to Replace

If you’ve decorated your home based on the “less is more” principle, than you might…

5 years ago

7 Money Saving Ideas That Are Actually Worse for Your Finances

When you’re constantly budgeting, it’s easy to lose sight of the things that matter. This…

5 years ago

15 Ways to Make Money On the Side That Actually Work

Which side are you on? Do you think the internet is full of scammers looking…

5 years ago

13 Things People Subconsciously Do Around Rude People

It’s kind of heartbreaking to think about ourselves as the rude, unfriendly person in a…

5 years ago

10 Mistakes That Shorten the Life of Your Appliances

Purchasing appliances and electronics can put a serious dent in your budget so no wonder…

5 years ago