Source link : https://las-vegas-news.com/10-money-mistakes-that-are-keeping-you-broke/
You work hard, but somehow money always feels tight. You scroll through social media seeing everyone else living their best life, wondering why your bank account looks the way it does. Let’s be real: Most financial struggles aren’t about not earning enough. They’re about habits we don’t even realize are bleeding us dry.
Think about the last time you checked your bank balance and felt genuinely confused about where all your money went. That sinking feeling? It’s more common than you’d think. What follows might sting a little, because we’re diving into the specific mistakes that keep people trapped in a paycheck-to-paycheck cycle. Some of these might hit close to home.
Living Without an Emergency Fund
About 59% of Americans in 2025 don’t have enough savings to cover an unexpected $1,000 emergency expense, according to recent Bankrate research. That single number tells a powerful story about financial vulnerability across the country. When your car breaks down or you face a sudden medical bill, having no emergency cushion forces you into debt, creating a vicious cycle that’s incredibly difficult to escape.
The truth is harsh: One in three Americans have no emergency savings set aside, based on Empower’s research from mid-2025. Meanwhile, 30% of adults indicated they could not cover three months of expenses by any means, per the Federal Reserve’s 2024 data. This isn’t just about being…
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Author : Matthias Binder
Publish date : 2026-01-16 10:18:00
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