Here’s Why You Should Be Thankful You’re Broke

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Are you unhappy and tired of being broke? Are you living paycheck to paycheck and never able to make any progress?

When you’re in the midst of a financial hardship, it can be difficult to see through the hard times and still retain a positive outlook. I mean, no one enjoys not being able to afford the things they want.

We can all relate to these feelings and being broke is tough! But before you call it quits, here are three simple reminders that not having a lot money might be a good thing.

1. You gain a better perspective about money.

When you have a lot of money at your disposal, it’s easy to lose sight of what’s really important. If you don’t have to work hard for your money, the things you buy tend to have less much meaning.

This can relate to your personal finances or the ones for your business. Either way, when you’re constantly running low on funds, you are truly thankful for the things you can afford and the bills you pay on time.

Being broke can give you a balanced perspective on your money, and even make you excited about your next purchase.

2. You truly learn your priorities.

Don’t know where your financial priorities lie? Just take a look at where you spend your money, and you’ll quickly understand.

For many of us, our spending habits prove what’s important to us. And many times a limited amount of money will force you into documenting where you’ve spent every penny.

In this way being broke limits the amount of frivolous purchases you make, because you’ll want to spend money on things, and people, that really matter to you.

When you don’t have a lot of cash to throw around, you’re more likely to spend time doing what you enjoy, with those you love. A lack of funds will reveal where your true priorities lie — and in many cases, showcase where you need to adjust your spending habits.

3. You learn to live on less.

You have to get creative with your money when you’re broke, so you learn to live on less, to create a minimal lifestyle and be truly thankful for what you have. You’ll also understand the differences between a “want” and a “need” and learn to work within those guidelines.

Having little-to-no money isn’t a bad thing. In fact, learning to live on less will not only benefit you and your family, but the environment as well, since you aren’t living a life of waste. That doesn’t mean you can’t ever buy anything that’s expensive, it just means you’ll be focusing more on quality, not quantity.

Be Thankful You’re Broke

As weird as it sounds, take a moment today to be thankful you’re broke, and take into account all the wonderful things you have in your life. Instead of focusing on all your money problems, look at the benefits of not having excess.

Carrie Smith is the owner and editor of Careful Cents, a blog that specializes in helping small businesses and solopreneurs earn more money in less time through systems and financial organization. She also writes for The Huffington Post, AllBusiness Experts and several other business websites. Connect with her on Twitter @carefulcents. 

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