Being Broke Sucks, But It Forces You to get Creative

 

 

How many times have the words “I’m Broke” entered into your life? We’ve all been in a place where we have less finances than we need to survive, money problems are something we all must endure.  Rather than complaining about why you are broke, many people find inspiration in the dustiest corners of their wallets and pocketbooks.  Being broke is not ideal but it does have its benefits.  For example, how many times have you purchased something before checking to see if there was a coupon, online code, or discount of any kind?  Chances are you’ve made this mistake more than once because you had extra money and less concern over how you spent it.

Here’s how being broke forces you to be creative:

being broke

  1. You know the difference between a need and a want.  No longer given the luxury of the impulse buy, you weigh the consequences of each and every purchase that you make.  Because you do not have unlimited access to money, it is essential for you to stretch every dollar that you can.  Items that aren’t needed aren’t purchased.
  2. You put off big ticket purchases so you can get the best deal.  When it comes to purchasing automobiles, appliances, and electronics, you choose to shop around.  Rather than be in a rush to acquire an item, you go the extra mile and do your research to ensure that you’re getting the most bang for your buck.
  3. You look to family members and friends for inspiration.  You’re more aware of your surroundings.  You seek advice from relatives and friends about saving money.  You take the time to learn how to do things that you ordinarily wouldn’t when you’re flush.  You pool your resources so that you don’t have to do without the things you’re accustomed to having.
  4. You buy secondhand.  For the sake of saving money, you no longer need to buy new.  You explore garage sales, thrift stores, and consignment shops as places to find the things that you need.  You see the value in used.  From clothing to furniture, you know where to find the best deals on secondhand goods.
  5. You clip coupons.  Coupons become one of your most valuable resources because when paired with sales, you save tremendously.  You don’t have to be a coupon hoarder in order to acquire the things you need.  You do need to hold out until the stores mark down their prices and then pair items up with coupons to get them for free or pennies on the dollar.
  6. You Do-It-Yourself.  Relying on your own devices is part of being broke.  Rather than pay someone else to do the work for you, you do it yourself.  The DIY movement is rather popular so you can find all of the resources you need through the Internet or public library.  You know how to mend clothing, fix a leaky pipe, and change the oil on your car and you save each and every time you complete a task on your own.

Don’t see being broke as being something detrimental.  If you find your bank account is looking lean, put your thinking cap on.  Soldier through the experience by applying a new level of creativity to managing your finances. Not only will you learn something new, you’ll take away life lessons that will help you grow and make you more financially savy going forward.

Author: Charissa

Incoming search terms:

  • why are people broke
  • being broke makes you creative
  • being broke sucks
  • sucks stay home because your broke
14 comments
LittleHouse
LittleHouse

Don't allow yourself to get into a "broke" situation. A person can live financially responsible even on a small income. Keep your expenses in check, don't spend more money than you make and stay out of debt. 

ABprimadonna13
ABprimadonna13

It actually sucks to be someone they call broke, because it is not easy to pull off resources when you think there is no way you can do it. But honestly it is funny to think how I came across ioptionsreview.com ioption review and how it helps me during the lowest financial period I have, I may say that I am not gaining that much every trade but at least I gain some extra to fund to fill my wallet, and I don't think I will ever get tired of binary options as long as I am making a profit out of it.

OutlierModel
OutlierModel

When I was a student with a teeny tiny budget, I definitely got creative and found new and interesting ways to make money - mystery shopping, focus groups, etc.  If anything, it instilled in me the belief that there's always a way to make money.

Dona Collins
Dona Collins

Great post - and so true. One of the most important points, I think, is recognizing a want vs. a need. So many of today's younger generations don't know the difference at all. They only know instant gratification (and they learned it somewhere...).

Big D
Big D

I think there is a difference between broke and destitute, and the difference it makes in each of us.  However people use them interchangeably.  Broke means to me when you have no money to do the things you need/want to do.  This can be a temporary situation (waiting for funds to clear due to dumb anti-terrorism banking laws) or just you are waiting to be paid.  Destitute is when you have no way out, no possibility of getting cash quick, and are broke. 

 

I have been broke for a while, being unemployed for two years basically, but I have not been destitute.  I have made my mortgage payments, and paid my bills, but on many occasions, I have had to find money from my savings to cover the next few months expenses.  Yes the difference is subtle, but noticeable. 

 

Back to your article though, I agree, learning how to manage the needs/wants, and how to deal with the planning of your expenses make it so that you don't overspend.  However I think the biggest thing is to do these things regularly, and when you do that, you can save the remainder for a rainy day (or two years of unemployment).  I don't drive the latest car, have the best TV, or anything like that, and have cut out several of my extra expenses.  However if I need to buy something, I do the same research I have always done, and therefore it is second nature to me, and I know I am getting a good deal, not overspending, and getting what I want with a high degree of confidence.

Adam Reggie
Adam Reggie

You what see play a role in my fellow Xers going broke the habits that been taught during one lifetime.Also the folks that one gang with.Look if around friends are spend alot you will get acquire trait get you major problems.

FrugalRules
FrugalRules

I personally remember my fair share of very lean times and used many of these, though #1 was huge. Learning that has help me so much now that I am older and am able to make that distinction.

Digital Personal Finance
Digital Personal Finance

When people have to, they can get very resourceful.  I think it's a matter of awareness, recognition, and acceptance of reality that can motivate some people to actually do such things.  These are tips that many more people should be embracing.

addvodka
addvodka

So true, but then lifestyle inflation creeps in and it all goes downhill, haha!

DebtRoundUp
DebtRoundUp

I have seen some broke individuals get super creative when they wanted or needed something.  It is amazing what you can come up with when you really need to.

FamilMoneyValue
FamilMoneyValue

You have stated some very common sense approaches that work whether or not you have bountiful finances.

Jen @ The Happy Homeowner
Jen @ The Happy Homeowner

Yes!! Being creative has always helped me pull through lean times. And once you start practicing these kinds of things, they become second nature so you're always working to save money rather than waste it.

RuthGregory
RuthGregory

I don't like being broke at all. I don't think anyone does. You can't seem to  move and you're really feeling down. You can't even sell yourself well during interviews because of low-self-esteem. But you're right. It also forces you to think about your future and what you want to do with your life. Kinda like " I don't want to be a bum for the rest of my life." moment.

littlehouse2009
littlehouse2009

I try to do this even when we have a little bit of a cushion. Knowing what it feels like to be broke can also help you live more frugally when you finally have enough money to comfortably live. ;)