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How do you deal with having no money? When you are broke it can be hard to see the way out of your current financial situation. These tips will help you survive this time of your life and moving forward on the path to financial freedom.

Tired of being broke? These personal finance tips will help you keep going when you have no money and start moving towards financial freedom.

1. Keep a positive mindset

Right now might be a tough time for you financially, but realize it will pass. Nothing is permanent and you just have to do the best you can to get through it.

Stressing and having a negative mindset isn’t going to change the situation, it’s only going to make you feel worse. Take it day by day and focus on the positive.

2. Try a no-spend challenge

Turn saving money into a game to stay motivated. Try not spending money for a week or do a 30-day no-spend challenge. Certain necessities like groceries are allowed, but any extra spending is not allowed.

3. Find free activities to keep busy

If you are broke, staying in and moping about the situation isn’t going to help. Go for a walk, check out a book or movie from your local library, or look for free activities in your community. Keeping busy will take your mind away from your current financial situation.

4. Skip grocery shopping for a week

How much does your family spend on groceries per week?

Try skipping the grocery store for a week and eating what you already have in your cabinets and freezer.

I try to do this once a month to keep my grocery costs down ( and use up what I have already).

5. Sell items you don’t use for extra cash

Chances are you have plenty of things around the house you don’t use anymore. Clean out the closets, basement, or garage and sell them for some quick cash. Try Facebook buy/sell groups, Craigslist, or any other local community groups.

6. Take a close look at your budget

When money is tight, a budget is a necessity. Create a budget so you’ll know how much money is coming in and where it’s being spent.

7. Cut unnecessary expenses

When you first find yourself with no money left at the end of the month, you should start by taking a look at what expenses you can reduce/eliminate.

For example, subscriptions for music, tv streaming, and gaming can be reduced or eliminated. Also, you can have leftovers to save on food waste or create a meal plan to cut your grocery costs.

8. Consider ways to reduce your fixed expenses

There are times we end up in a situation where there’s no way out other than making a significant life change. Whether it’s becoming a one car family, moving in with family, or selling your home, sometimes choices like this are necessary to begin moving forward.

If you’ve already tried other methods to cut expenses and get your finances on track, it may be time to make more drastic changes.

9. Put the credit cards away

To get on the right track financially, you have to stop using credit cards as a crutch. I know I’ve been in the situation where my checking account was empty and I pulled out the credit card to make purchases anyway. I should have just gone without instead of getting further in debt.

If at the end if the month you find you are making up the difference in your budget by pulling out the credit cards, it’s time to put them away. Cut them up, freeze them in ice, do whatever you need to avoid using your credit cards.

The first step in improving your situation is to stop digging a bigger hole.

10. Take responsibility for your actions

Try not to blame everyone else for your situation. Realize that you have made decisions that led you to where you are today.

Taking responsibility for your own actions is an important step to avoiding the same mistakes.

11. Find additional sources of income

One of the quickest ways to get out of a financial hard spot is to increase your income.

It could mean working overtime, picking up a part-time job, or taking odd jobs like dog walking or babysitting. Do you have a unique skill such as photography, sewing, or computer repair where you can offer your services for money?

12. Pay your bills on time

Whenever possible, try to pay your bills on time.

13. Learn ways to live more frugally everyday

There’s always ways to stretch a dollar. From being more conscious of your utility usage to meal planning to cut your grocery costs, little savings will add up!

14. Track your expenses

You can’t get your spending under control until you know where your money is going. Start tracking your expenses each month so you can get a clear financial picture. Once you identify where you are spending money, you can start looking for ways to cut those expenses.

15. Find an accountability partner

Whether it’s a spouse, family member, or trusted friend, find someone that will help to hold you responsible for your actions. They can help you celebrate your wins too!

16. Learn your weaknesses

Think about where your financial weak spot is. Do you like to grab fast food for dinner on busy days? Do you end up with more that groceries in your cart at Walmart? Or maybe you can resist shopping when you have a coupon or discount code?

Once you know where your biggest weakness is, you can take steps to overcome it. For example, find quick easy meals to cook on those hectic nights or stick to cash budgeting for your groceries.

17. Set clear financial goals

A clear picture of what you want for yourself is a must! You need to know what you are working towards to stay motivated.

18. Carry cash for trouble spots

We all have areas of our budget that are difficult to keep in check. Whether it’s clothes, entertainment, or groceries, there’s a simple way to keep spending under control.

Use cash. Take out cash for the budgeted amount for your trouble category and then when it’s gone, it’s gone. When we are using a debit card, it’s hard to define a specific budget in our head. The visual of having cash helps keep us on track!

How to deal with being broke

When you have no money, it’s easy to feel hopeless about your situation. Finding ways to save money, increase your income, and manage your money better will get you on the right track financially!

Reno Omokri, former presidential spokesman to Nigeria's former president, Goodluck Jonathan on Sunday, gave an important advice to students which he says will help students who want to be wealthy.

According to Reno Omokri, who pastors a church in the federal capital territory (FCT), students must know their books very well. However, this is not the most important thing as Omokri mentioned the importance of building a network of good friends.

Omokri often writes series of what he calls Reno Nuggets, which he publish on his social media platforms.

He advised students to make good friends so that they can make good money. According to him, contacts make contracts. Reno Omokri also said that connections result in collections.

The 46 years old former presidential spokesman who is an author and lawyer, also stated that the knowledge students get from school helps them to make money,while the friends they make in school help them to make money work for them.