How many times did you say to yourself : “If I had more money, then everything would be fine …”?
Well, if you were to have a brief analysis in the last year or the last 2-3 years, you probably have had “more money” and your income has been rising.
Something has changed?
Many people set a certain amount of money when they would have enough, they say, but when they ritch that amount, her/she observes, paradoxically, that it is still not enough and that they should have … much more.
Why is this happening?
Because the lack of proper financial management leads us to spend the more money that we have at our disposal.
We live in a society where consumption is promoted, even in an exaggerated way. You rarely happen to wonder why you bought a beautiful but unnecessary thing …
If you recognize yourself in the above ranges, then you are likely to recognize yourself in the following, where we underline only 6 of the most common mistakes we have noticed:
1. You are not setting up a budget
If you own a business or have a marketing affair, you probably planned a budget for an investment or a specific activity at a certain time. Setting up your budget helps keep your finances under control. You are the master of the situation. You will not be driven by money, to the intention to spend without measure and the panic of staying without money after. So when it comes to a new home purchase, a vacation, buying a car, just set the amount you can fit. And the amount will be set based on the market price in line with the financial resources you have. So, the ideal is not to face a big budget hole after such a purchase.
2. You do not count on what you’ve spent before
When you spend on impulse, you ignore the overall picture. You go shopping and finally you realize that you have bought too many things (and implicitly, that you have spent too much). Ideal is to remember your purchasing history.
For example, if you bought a new phone this month, do not buy a new tablet. It’s possible that the two acquisitions together to make you a big hole in the budget. Another mistake is the purchase of similar products in a short time. Or in the early replacement of objects / equipment without necessity. A better management of the money you have can make the difference in the lifestyle and what you can afford.
3. You use your credit card to the maximum
If you own one or more credit cards, do not use them irrationally because … you still have to pay them. As said above, the ideal is to set up a budget for what you need and not to exceed certain limits.
4. You live a luxury life on a low-cost budget
It is good to dream and have high aspirations. But at in the same time, it’s good to be realistic. Especially when it comes to the money you have.
Do not try to live a life of luxury, as long as your budget is falling at to a low-cost …
There are people who spend their wages in two days and then have to live until the next salary. Better try to save, in order to allow you moments of indulgence from time to time. And in the long run keep your realistic sense and do not put you at higher expense than you can take.
5. You do not save
We think we do not have enough money to save, but the more money we gain, the more we spend.
So, you can think that you may never have enough so that you can to put something aside.
When it comes to saving, do not think of colossal amounts. Any cent set aside is an economy. In addition, it is important to learn the habit of saving so that it becomes an integral part of your life and of your family.
6. You ignore your debts
One of the biggest mistakes made when it comes to money is represented by … ignoring debts. If you do not take them into account, that does not mean they will disappear on their own. Worse, they multiply. If you have a debt to the bank, interest rises every day. If you have a debt to someone else, it will not raise interest, but it will increase the frustration and mistrust as far as you are concerned. Do your best not to have any debts. There are psychic pressures that make your plans go worse.