5 Bad Habits That Disrupt Your Finances

No matter how much income you get every month, it's useless if you have bad habits in managing finances. Instead of becoming more prosperous, it actually makes financial conditions worse. Bad habits do not only affect the present, but also in the future. In fact, the severity of the lifestyle will be difficult to change, which will ultimately make your net income amount to no effect.

Imagine if you already live in a household and have responsibilities to your spouse and children, but still have bad habits in conducting financial management? If it is not stopped, bad habits will harm all family members. In fact, the worst thing is that you will be trapped in an endless debt bondage. Dig a manhole cover, spend money on unnecessary and undisciplined savings. Well, following the bad habits of financial management that must be avoided.

1. Excessive Shopping

Believe it or not, the urge to shop is much influenced by emotions, especially for women. For example, you go to the mall, then see your favorite discounted item and feel sorry for not buying it. If you immediately buy the item, it means you are experiencing a 'shopping push' syndrome that cannot be controlled. Shopping because driven by irrational things, without considering needs, can make a messy financial plan.

To overcome this, try to learn to refrain from buying discounted items for some time. This will give you time to think more calmly before deciding to buy. Also think about whether you really need the item or just the emotional influence of the temptation of a discount.

2. Never Make a Financial Plan

You will never be able to maintain financial security if you do not make a financial plan and obey the plan. Basically, a financial plan is made to make it easier for us to see how much the flow of expenditure on income in everyday life. By making a financial plan, you will also be able to easily manage expense items, make adjustments, and even change your expense accounts to be saved for emergencies.

To help you manage your financial plan, try to use digital tools such as mint.com that automatically track expenses that have been made and appear on the main computer or other gadget every day. Make sure it stays on track and make adjustments if needed.

3. Too Dependent on Credit Cards

You are strictly forbidden to use this financial product, unless you are sure you can pay 'debt' to the bank for its use on time. Imagine if you use a credit card to finance unnecessary expenses and are not commensurate with the amount of income. Of course it is miserable who is ready to come.

Any interest that must be paid each month for using a credit card can endanger your financial life. Because, you have the potential to get stuck in endless debt if you are already 'addicted' to using this product uncontrollably.

4. "Too Diligent" Hang out

Once upon a time, buying food or drinking in a cafe or restaurant would indeed be very pleasant. But, if it is used as a habit, it means you are a lazy person and actually plunged yourself into undesirable conditions. Stop hanging out excessively. Change these habits by buying the necessary ingredients, if necessary just buy the ingredients and then cook yourself to eat. This simple effort will make you save more because it saves unnecessary expenses.

5. Too Prioritizing 'Personal' Personal

Personal hobbies that become bad habits include drinking alcohol, smoking and gambling. It's the same for women who are passionate about shopping or any habit that makes you spend a lot of money that isn't really needed. It feels that it must be stopped immediately. For example, if you spend as much as Rp 12 thousand every day to buy cigarettes. Means it has already spent Rp.360 thousand for a month which can actually be used for more useful things.

Change Bad Habits, Love Your Money From Now!

Many bad consequences that can be caused due to bad habits that can make financial chaos. If you don't want to feel it, stop doing the habit and change it by doing good things. The effect is, not only your life will be happier, but your wallet will also get thicker.