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The only reason is that the money is not enough.

thesicilian:
The only reason is that the money is not enough.

Boss, Money is never enough even for the wealthy.
It all depends on how you manage it.

Do you know that companies too get broke, despite having budget, diversifying their businesses, saving from their profit and not engaging in emotional spendings? The valid reason people get broke is because money is not enough. If money is enough, politicians should have stopped embezzling funds while they enjoy what they have stolen. Bills keep increasing, commodity prices keep skyrocketing in the market, naira value continue to suffer yet minimum wage remains static.
What you have written is a mere theory that is not practicable in this clime.

kernniejay:
Do you know that companies too get broke, despite having budget, diversifying their businesses, saving from their profit and not engaging in emotional spendings? The valid reason people get broke is because money is not enough. If money is enough, politicians should have stopped embezzling funds while they enjoy what they have stolen. Bills keep increasing, commodity prices keep skyrocketing in the market, naira value continue to suffer yet minimum wage remains static.
What you have written is a mere theory that is not practicable in this clime.

The article is focused on why employees go broke before month end. Which is mostly due to the stated reasons.

Meanwhile, Companies mostly go broke because of mismanagement or bad business dealings which can be avoided.

There are those earning the minimum wage who still live comfortably on it every month.

Joevics:


The article is focused on why employees go broke before month end. Which is mostly due to the stated reasons.

Meanwhile, Companies mostly go broke because of mismanagement or bad business dealings which can be avoided.

There are those earning the minimum wage who still live comfortably on it every month.

Ok, so what will you say about those who are being owed salary or whose salary is always being slashed, yet bills keep piling up? Or those who have family (children and even aged parents) to take care? Or those who have loans they are servicing from their little income? Or those who try to save money yet house rent keep increasing especially in a place like Lagos? Or those who wish to further their education or enrol for professional courses with their little salary they earn?

kernniejay:

Ok, so what will you say about those who are being owed salary or whose salary is always being slashed, yet bills keep piling up? Or those who have family (children and even aged parents) to take care? Or those who have loans they are servicing from their little income? Or those who try to save money yet house rent keep increasing especially in a place like Lagos? Or those who wish to further their education or enrol for professional courses with their little salary they earn?

Yes, I agree with you. Money is never enough.
But that's how the imperfect world works.
You never get enough of anything you want.

You only have to learn how to make do with what you have got.

Which is what I think the article is all about.

Kennedyli:

Yes, I agree with you. Money is never enough.
But that's how the imperfect world works.
You never get enough of anything you want.

You only have to learn how to make do with what you have got.

Which is what I think the article is all about.

Yes, thanks. He is trying to talk about financial discipline which can only help to manage money. His points cannot entirely make one not to get broke, they can only reduce financial stress.