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Do you really want to know why you're broke? It's not because of the government, your employer, or your parents. Only you can change your finances.

The Truth About Why You’re Broke

February 21, 2017

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Ok guys. Maybe it’s time for me to take a break from social media, Facebook in particular, because it seems to be leading me into a “ranty” mood. (It sparked my last rant a few months ago, too!)

I’ve found that over the past few months, Facebook has become more frustrating than ever for me. Unfortunately, I spend A LOT of time on social media. I use it to help promote my blog, my writing for clients, and I manage several pages and groups for my clients too. So, taking a hiatus from Facebook is not really an option. 🙁

The thing that’s been getting to me lately is the negativity I see my friends posting about, especially when it comes to money. These are people I know IRL, not personal finance bloggers. They seem to think it’s everyone else’s fault that they’re broke.

It’s the government’s fault. It’s their parent’s fault. Or, maybe it’s their employer’s fault for not paying them enough. What really put it over the top for me was the “millennial falcon“, a photo album full of millennials b*tching about why they have no money and have it soo much harder than past generations.

Well, here’s my response to that as a millennial myself:

Get off your a$$ and get to work if you really want to change your financial situation.

The Truth About Why You’re Broke

Ok, that may sound harsh, but I’ve been there myself. What changed my situation was hard work and determination.

It also takes you recognizing why you’re broke in the first place. You might think you’re broke because your employer doesn’t pay you enough, or because you have a lot of student loan debt to service, but that may not actually be the truth. More than likely, you’re broke because you don’t have a budget, don’t stick to your budget, or choose to use your money unwisely.

I get it! I used to do the same things (and sometimes I still do!).

There are times when I still spend too much money on eating out, buying new clothes, or going to Starbucks. The difference is that I know I’m doing these things that sabotage my budget. So, I don’t feel the need to blame my lack of financial responsibility on someone else.

I will also admit that there are times when things could be beyond your control and these things can contribute to why you’re broke.

You might actually have an employer that’s a cheapskate. You might have a medical emergency that your emergency fund can’t fully cover, resulting in you going into debt. Or, you might actually be working a job that doesn’t pay a living wage. But most of the people who b*tch about being broke on Facebook are not actually a “victim” of these types of things. Most of the ones I see complaining in my Facebook news feed are only victims of their own lack of planning.

How to Overcome Broke

Instead of complaining about why you’re broke on Facebook, while probably posting about it from your $600 iPhone, you need to take responsibility for your situation so you can overcome being broke.

This is what frustrates me the most. I honestly believe that if you have time to post about it on Facebook or sit around and watch TV or Netflix, you have the time to find another job to earn more money and change your finances.

Not only that, but you could go against the grain by canceling your TV subscription and expensive phone plan to save you money too. I know. That’s crazy talk! But maybe that’s the jump start you need to work on your debt or balance your budget.

The difference is that I’m not just preaching this without having done these things. I’ve made these sacrifices myself. I’ve cut things from my budget. And I’ve worked 80+ hours/week to balance my budget. I know what it feels like to be behind and feel like you can’t catch up and improve your finances. But the truth is that it CAN be done!

I still have a ways to go to be debt free and reach my savings goals. But, you don’t see me sitting around and b*tching about being broke on Facebook. Instead, I choose not to be a “victim”.

I know that my financial situation is only going to be changed by me getting off my a$$ and getting to work, and by choosing to make good financial decisions every single day. Yes, it’s hard! I won’t deny that at all. But it’s better than sharing a stupid meme on Facebook and blaming others for why you’re broke.

Do you really want to know why you're broke? It's not because of the government, your employer, or your parents. Only you can change your finances.
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Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

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8 responses to “The Truth About Why You’re Broke

  1. Completely agree! I have friends complain to me all the time about their finances. I’ve tried to help them by asking about their budget, salary, or if they could find a higher paying job, but they always claim they can’t do any of that for whatever excuse they have. Even the worst financial situation can be reversed, but only if you do the work and commit. I’m always confused as to why people find it so difficult to take ownership of their own situation.

  2. These people who always complain they’re broke are ones who are pessimistic and spend much time on petty things. They gotta change their perspective. Instead of posting something negative, why don’t they post some plans how to earn money or something positive for encouragement.

  3. I agree! I see it too. I think it’s one of those things that people are taught to do. For example, how many times have we heard the “debt is normal, everyone is in debt” excuse? As much as I hate this way of thinking, unfortunately, it’s considered the norm. I love how you shared tips on how to overcome it though! More people need that kind of help.

    1. Thanks Chonce! I was just feeling so frustrated with people’s way of thinking about their finances. I know I can’t change everyone, but maybe a few people will benefit.

  4. Kayla, I love your rants! What makes it different though, is that you are one of them, you’ve been there, and you’ve overcome it. It needs people like you to call them out, because if it came from someone like me, I would be seen as preachy because I am one of the older “privileged” classes. Yes, it certainly looks like I have it good now, but I started out as a trainee on $14,000 a year as well. If you make good choices, or learn and move on from bad, then time is on your side as a millennial.

    1. Thank you! That’s how I feel too! I get so frustrated when I see people my age who are so “woe is me” and don’t take responsibility for their own situations.

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