Why Do I Have No Money?

empty wallet

We have all been there at one time or another; it gets to the end of the week; your pay goes into your bank account and then it feels like it is all gone in a matter of minutes.

In this article, we want to give you a few practical tips to help you better answer the question, “why do I have no money?”

Not Having a Budget

Having a personal budget is a fantastic way to keep track of your spending. Whether you are a single couple or family, a personal budget is part of the solution. It will allow you to monitor your spending, plan your savings, and have peace of mind that you know exactly what is going on with your finances. We recommend using a tool such as Pocketsmith, which you can learn more about by clicking the link.

Make Some Resolutions Start Some Financial Projects

Usually, the first quarter of the year is when we all start making new year’s resolutions or creating financial projects. We recommend taking this to the next level by setting financial goals as part of these projects and documenting those goals and tasks. If it helps you to see those goals set reminders and visual items to help keep you on track.

Budget Using the Tools You Already Have

Often one of the most complex parts of getting started with your budget is knowing where to start. Why not start with your bank accounts. Print out the last several months of statements and go through them; you could colour different code items into categories such as entertainment, bills, takeaway and many more.


Following the three handy tips outlined above will help you better understand your household finances. If you need more inspiration or assistance with getting a budget together, reach out to our team, we would love to help you achieve your financial goals.

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