When you’re broke, you don’t need to lose faith in yourself to make money again, compromise your creativity, nor lose your joy in life. If things appear grim and hopeless, it’s because you’re not looking at things in the right way.
You can be broke for any number of reasons. If you’re a student you’re broke because your studies take up most of your time; so, as a result, you don’t have enough time to get a full-time job. If you’ve just lost your job, your income has disappeared but your expenses stay the same. And if you’re underemployed, then you’re paying out more than you’re bringing in. You may also be broke because of a recent divorce or because an illness has forced you to cover many out-of-pocket expenses for your medical bills.
These, of course, are just a few out of many possible scenarios why you’re broke. However, most have one thing in common: they can be turned around.
Still, before we talk about how to get back on your feet, let’s dispel the illusion that your life has to shrink down to a threadbare existence because you can’t afford many of the things you once enjoyed.
Things You Can Still Do
1. You can still access professional services.
You can still use professional services if the need arises. Let’s take lawyers, for example. Since they charge high fees for their expert services, it’s reasonable to assume that you can’t afford one. However, this isn’t necessarily true. If you need a lawyer to get a divorce or to draw up your will, a legal aid society can either arrange a payment plan or find a pro bono lawyer for you. If you’ve suffered a personal injury, you may be able to find a lawyer who will work with you. Here is what the legal team at Schwartzapfel Lawyers, P.C, who are White Plains, NY Personal Injury Lawyers, say on their website: “As White Plains personal injury lawyers, it is our responsibility to make the most of the legal protections that are available to our clients. In most cases, that means doing everything in our power to maximize their financial compensation. We’re happy to do so at no upfront cost to our clients, meaning that we won’t get paid for our services unless we win. That’s a risk we’re willing to take because we believe in ourselves and we believe in justice. We also have a strong track record to support the effectiveness of what we do.” In short, regardless of the professional service you need, there may be a way that a non-profit organization will offer you some resources and professional firms work with you.
2. You can still enjoy your favorite foods, travel, and maintain a healthy social life.
If you love certain foods, you can use the Internet to search for recipes and learn how to cook them at home. You won’t have to pay the higher price for eating out or the cost of prepackaged meals from the grocery store. If you love to travel, you can arrange to stay with friends in the places you’d like to visit or explore the option of finding cheaper airline fares and room rates. And if you love hanging out with your friends, you can still maintain a healthy social life by cutting down on how much you eat and drink when you go out, do low cost things like going hiking or having sleepover parties, or trolling Google for Happy Hour specials, which restaurants and bars use as incentives to attract new business.
How to Get Back on Your Feet
There are three basic steps to take to get back on your feet.
First, increase how much money you have available in your bank account at the end of the month by learning how to be as thrifty as a rich person. To get a grip on your budget, Review your bills, identify the things that you don’t need to buy, choose an easier repayment plan or request extensions on your outstanding bills, and select credit cards that have lower interest rates.
Next, increase your marketable skills to earn a higher income. You don’t necessarily have to go back to school because it’s possible to learn a number of high paying skills on the Internet. For instance, you can learn coding or website development skills through free or low-cost online tutorials.
Finally, find side hustles to discover new sources of income or use freelance job sites to find clients for your new skillsets.
In conclusion, it’s a mistake to think that being broke means starving, staying at home a lot, and feeling miserable. In truth, you can still do many things, and you still get back on your feet.