Reasons Why Most People Are Broke (Must Watch)

If you have at least $400 saved to cover an unexpected emergency, you’re already financially better off than one third of Americans, according to the Federal Reserve. It’s well known that most people do a poor job of managing their finances and there are seemingly few people that are responsible with their money. Having a good relationship with money doesn’t necessarily mean being ultra-wealthy or earning a high income, either. This just means that you make responsible choices, aren’t making careless decisions on a regular basis and are comfortable with your income and expenses. What are some of the most common reasons that people are broke and how can you avoid them? Take a look so you can be sure you’re not making these mistakes that could keep you broke forever.