8 habits that keep you in poverty even if you make good money

The content of the article

• Increase expenses in parallel with income
• Do not keep records of income and expenses
• Do not plan a financial future
• Set aside savings for later
• Do not make a budget
• Ignore priorities
• Do not pay on debts
• Change gadgets often

When a person often thinks about where exactly the money goes, notices that the salary is supposedly eaten by an invisible black hole, and at the end of each month the wallet is almost or completely empty, then the causes of poverty lie in bad habits that prevent getting rich. They must be identified, thrown out of life. It doesn’t matter how much you work, what income you have, if you don’t figure it out on time, you can stay with nothing.

Increase expenses in parallel with income

It is normal to raise your standard of living when finances go up. It is an addiction to constantly seek out where to spend the extra ruble. If, along with the growth of income (or without it), you are steadily increasing expenses, then once you drive yourself into a difficult situation, left without cash reserves. It’s wiser to get out of this vicious circle, keep consumption at a constant level, look for new ways to earn money.

Do not keep records of income and expenses

It’s easy to keep track of the main, constant spending. Dozens of small expenses quietly take away the lion’s share of finance. Problems will become less if you keep a journal of income and expenses. Consider all revenues, costs, whether they are small or large. At the same time, identify your bad habits that prevent you from getting rich.

Do not plan a financial future

Many people think only today. They think little of what will happen later, like tomorrow’s difficulties, their needs will bypass them, or they will be solved in a magical way. Such a naive approach promises bad surprises, so before each investment (from purchases to investments) it is better to plan ahead, think ahead. It is necessary to solve today’s needs, but it is important to save reserves for the future.

Set aside savings for later

Often the thought “it would be time to put aside already in reserve” is replaced by another – “let me have time yet”. Remember, whatever your current income is, you need to start holding funds. Investors and analysts note that there should be savings before investments. Start saving today. Save part of the monthly revenue or salary to the reserve, and only then think about what to spend the rest on.

Do not make a budget

The basis for the success of your financial plans is a detailed, reasonable estimate of upcoming income and expenses. To be honest with the established budget, money gains weight. Making a habit will take time, but it will be harder to get carried away with excessive, unnecessary expenses.

Ignore priorities

If there is no desire to live poorly, it is important to correctly judge what expenses are required, simply in demand and generally not needed. Be honest with yourself when deciding what to do without, and what only seems important. If you want to be a successful, wealthy person, then some familiar pleasures can prevent this, and then it is better to sacrifice them. Write down your goals, landmarks and regularly review them so as not to go astray.

Do not pay on debts

Let this be the first item in budget planning. However difficult it may be, pay your bills to everyone you owe. Otherwise, spoil one of the most important moments in life – relationships with people and business, and not only financial.

Change gadgets often

The last iPhone has come out – you are running to the store, they are selling the next generation of video cards – it would be more likely to update your PC! There are many such examples, but the result is the same – the pursuit of fashion greatly affects finances, without giving a commensurate benefit. It’s wise to buy gadgets that you definitely need. It is impractical to change them every year only because a new model has been released, especially if the changes are insignificant.