7 Habits That Are Making You Poor Without You Knowing
They're sneakily draining your finances.
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How many times have you wondered why you’re always short on money? If you try reviewing your lifestyle, you’ll notice that you’re probably spending on little things that snowball into a big cash cut, or you’re investing on huge things that you don’t really use. Best do away with these financially-draining habits, because you’ve worked hard for your cash and you deserve to enjoy it without worrying if you’ll have enough until the next payday.
1. Not budgeting your salary before spending it
One reason why you always find yourself asking where your money went is because you didn’t plan out where to put it in the first place. Once you receive your salary, always make sure to budget it before anything else. Set aside your savings, your payment for utilities and credit card bills or loans, as well as your food and transportation allowance before splurging on that really expensive lipstick.
2. Always buying on impulse
While retail therapy can be good once in a while, always indulging in things that you don’t really need can financially set you back greater than you initially expected. When accumulated, even small knick-knacks can cause you to be hard-pressed for cash long before the next payday, so if a purchase can wait, set it aside for when your budget can accommodate it.
