Have you ever asked yourself why your earnings never see you through the month end or why borrowing from colleagues every month has become a thing?
If you're a chronic debtor and you've never asked yourself these honest questions, you just have to start paying attention to your financial habits.
The truth is, most people want to save money and live a good enviable lifestyle but their financial habits throw them into debts every month.
How then do you break this? It is simple, you just need to stop certain habits that make you a perpetual debtor.
So, here are three bad financial habits you need to break to get out of debts.
- Impulse buying
Impulse buying has been identified as one of the habit that lead people to a series of dangerous spending behavior such as unplanned and poor purchasing decision. If what you buy is dictated by impulse, you may not take you through month end, let alone savings. You need to stop this to improve your spending and saving habit.
2.Shopping to be happy.
Without considering your meagre income, if your happiness is tied to your monthly shopping list, you will most likely have nothing to save. Shopping can be very sweet and addictive. If you don't have control over your spending, you will keep deriving happiness in borrowing and get yourself sinking into deepening debts.
3.Not having a budget.
Spending without planning your expenses is also capable of throwing you into debts. As a matter of fact, having a budget plan and sticking to it like a religion can prevent you from borrowing from friend and colleagues personal savings.
I believe this article is very helpful, you can resteem it and upvote it so that other people can benefit. @cisse56 @toyinbaruba
Very helpful to me, keep up the good work
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