Basically, there is rarely anything one can do in life especially in the economic circle which does not call for monetary involvement. That is why some say that ‘MONEY’ is second to “GOD”. Wealth is what everyone craves for, but the way and manner to acquire it seem problematic.
HAVING BAD SPENDING HABIT:
Money does not come easily but can go very fast, that is why one must guard it jealously. Do not buy things for the sake of having, rather for the fact that is necessary and you need it.
NOT HAVING A GOAL:
Try setting a goal for yourself. Do not just wake up every morning and dash out of the house without having a plan for the day. When you set goals for yourself, it helps in guiding your activities including you spending problem.
NOT STARTING EARLY TO SAVE:
It is better to start the save even if the amount involved is small, than starting late. With time, the savings will accumulate to big progress.
DOING WHAT EVERYONE ELSE IS DOING:
Do not believe like a man that does not have the mind of his own. Doing things because others are doing it and not because you want to do it is wrong. Do not spend to show off or because your friend is doing so. Remember that all fingers are not equal. And will never be equal.
PAYING INTEREST TO BUY THINGS THAT DROP IN VALUE:
Some people make the mistake of borrowing money with interest to invest or purchase something that is of a lesser value. This will only sink your money into the blues.
