Everyone of us posses good and bad habits when it comes on spending money. But few habits are worse than the others because they make you broke. I know I have been breaking all of these bad habits in past. To keep you living a life where you don’t become broke and has enough cash to face any sort of emergencies or maybe retire one day. Make sure that you avoid these habits to stay wealthy.
You aren’t setting goals
Setting goals is very necessary for every person. Without a plan you wouldn’t know where to spend how much. Setting up financial goals helps you know what you’re towards and will have a track on money. They make it possible to achieve your dreams and they give you a clear vision of what you want to achieve and notify a dead end.
When you’re planning goals do mention long and short term goals as well. Short term goals ranges between a year to three years and long term goals ranges five years to ten years. You can set weekly and monthly goals as well. I know that I started from making weekly goals and then monthly and so on. I was focusing on my money more than ever.
Skipping budget and delaying for next month
Have frequently has you told yourself that you will that you will start writing budget from next month. Every time you tell yourself that you will just start over from next month, every time you’re robbing yourself and delaying the golden opportunity to stay wealthy. You need to start thinking about the unexpected moments which means you go in the month knowing that something might occur. When you will start thinking about it you will be better prepared to face that situation. When you start feeling the need of writing it next month. It’s the time to write a mini budget cause they also play an important role in changing lifestyle. They are the budgets that you write to last you from today to the next month.
