We all have goals we would like to achieve. We find ourselves struggling to achieve those goals, but when it comes to financial goals it’s even harder. Below shows the 4 bad financial habits people suffer from:
Inflating your lifestyle
- According to experts “Lifestyle Inflation” is what we do when we spend our extra income on anything that involves improving our lifestyle.
Incurring credit card interest
- Don’t forget that every time you use your credit card you are also incurring interest charge.
Opting for add-ons
- If you find yourself paying for something you don’t really need then you suffer from add-ons. You purchase something solely for the purpose of getting a “good deal”.
Letting your money wither in your checking account
- Money in your checking account translates to money that will be spent. Transferring money to your savings is smarter because it will keep you from spending your hard earned money.
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