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Avoid these 6 bad habits in managing finances

The key to living is to manage the financial good. Sound simple, but not easy in doing so. Managing finances often becomes the root of the financial problems you've experienced all this time. Everything you plan looks perfect, but it's always your finances to be depressed. Why so? Here's the answer! That is because intentionally or not, you are accustomed to doing bad habits in managing money. Here are 6 bad habits in managing the finances that often occur.

1. Lazy Record expenditure

1. Lazy Record expenditure

Have you ever felt confused because your money on the Debit Card or in the wallet suddenly exhausted when it was just payday? It's not because you're a copetan, but this happens because you don't record your expenses. If the lazy record is eliminated, your expenses will be clearly visible so that it can be more controlled. From now on, try recording all your expenses. From the large number to the smallest. Because the usual money-draining is a small expenditure you often do without realizing it.

2. Not thorough in using credit card

2. Not thorough in using credit card

The requirement to have a credit card is getting easier nowadays. Often even the bank that pursues you to make a credit card. For the reason that there is no lifetime administration fee, you will immediately be able to make the process of making it so that you have a lot of Kredt cards. When shopping using that many credit cards, you end up forgetting when the payment is scheduled. Then you get into a credit card debt that accumulates because your inaccuracy.

Having a credit card can really help you in managing your finances, but having too many cards can also be bad for your finances. Have a maximum of 2 credit cards and make a neat note about the usage so that you can be more thorough.

3. No preparation

3. No preparation

Many people do not think of any emergency or sudden conditions that can occur at any time, such as sickness, accident, or mishaps. Because it does not take into account this, you will have difficulties when these emergencies occur. The way to deal with it is to save money for emergency funds and enroll in health insurance and other insurance that you need. Remember, always ready umbrellas before the rain.

4. Lack of long thinking

4. Lack of long thinking

In managing your finances, you should as much as possible think about their usefulness in the long run. Don't buy items that are cheap but quick to break, because you end up having to buy again and again. Better spend a lot of money but only 1 time for a long period of time. Therefore, prioritizing buying goods that are your need, not just desire. If it does need, expensive a little yes it does nothing, anyway you do need. By buying items for your needs, they are also most likely to be worn for a long period of time. So, don't forget, always prioritize your needs rather than desire.

5. Self-Destructive habits

5. Self-Destructive habits

Everyone has a bad habit of each, which is raised here is an example of bad habits common to many people. Smoking, Bralcohol, and gambling are examples of bad habits that self-destructing and also make spending increasingly difficult to control. To make your financial arrangements better, you need to be able to reduce or even eliminate these habits. Because in addition to spending your money, it will also spoil yourself.

6. Invest in harm

6. Invest in harm

The goal of investing is to increase your passive income. However, what happens if the investment you do instead makes you lose? For sure, the answer to your money will be more drain, not increasing. To be able to invest profitably, you need to be a smart person and know the ins and outs of the investment. So, before you start buying investment products, start by investing in your knowledge by participating in investment seminars, reading books, or spending time with people who are already experienced in investing. That way, you'll be able to be more resourceful about investing opportunities.

Take control of yourself

Managing finances will not be possible without any determination to control oneself. The bad habits above are all you have to control in order for your finances to be organized better. Start noting the details of your spending, record it regularly, and most importantly, take control of yourself from the bad habits above. Good luck!

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