Managing money can be difficult. However, recognizing and eliminating common money mistakes can make dealing with finances a bit easier. Check out this list to see if you spot any familiar habits you can stop in their tracks.
Not having a budget
It’s a lot easier to overspend when you don’t have a set budget and a clear idea of where your money is going.
Spending more money than you earn
More going out than coming in is a major money mistake and complicates daily financial management.
Not saving for emergencies
Unexpected emergencies happen. Savings for these occasions removes some of the financial pain.
Eating out too often
Dining out adds up – even at fast food restaurants – when it’s not part of a planned budget.
Running up credit cards
Credit card debt can take up a big chunk of your earnings if you’re not careful. Then the interest charges add up, making it even harder to save for the future.