10. Not having an emergency plan
A lot of people very close to cut their budgets. If you have money in place precisely to portions of its ordinary expenses and has not left anything in the budget for emergencies, how you will pay for repairs if your car breaks down? If your house suddenly needs repairs? If still Emergency legislation not covered by medical insurance? It is important to make sure you have a plan to cover emergency expenses. If that means cutting things from its regular budget, which may not really need, be sure to do that.
9. Spending money on luxury items is not necessary
This should be obvious, but many of us violate this simple rule anyway. When you see a new car, a brand garment or a piece of electronic equipment, ask yourself a few questions. 1) Is there money in my budget for this? And 2) Do I really need this? If it is an impulse purchase, chances are the first answer is no. The second answer is probably not, in any case. Think if you prefer to have the item or financial stability.
8. Buy extravagant gifts for friends and family
This is basically the same as the previous item in this list. The difference is that some people have not a problem with buying things for themselves, but with buying things for others. Disinterest is commendable, but not be as expensive as it might. It will not make your friends and family any good for you to go broke buying gifts extravagant birthday.
7. Allow small expenses add up
If your money is disappearing each month and you can not find where they go, the Odds are that you are not keeping track of lower expenses. Say you make a trip to the store to buy a gallon of milk for three dollars. While you are there, get some ice cream, perhaps a dozen packs of soda. You spend three dollars in candy for children in the box. Swing through a drive-through on the way home to get some food. Why not get great just pennies more? Each of these separate elements can not be very significant, but when you get home, you can spending $ 30 – $ 40 during the trip were a little milk. If this sounds like the type of expenses you could do without trace, which is probably where the money goes.
6. Do not save money
If despite your efforts to find itself owing more money than I expected, can be a great relief to realize that I have some money saved that can help you out of trouble gt. Try to put a percentage of each paycheck into a savings account that never touch. If something unexpected that rises and have to pay much money, you may find that you can take care of it without declaring bankruptcy.
5. Not keeping track of their funds
How much money currently in your checking account? What about your savings? What you put on your credit card last week? If you do not know the answer to these three questions, you probably will end up overspending.
4. Putting too much on your credit card
The credit card debt is a serious problem in this country. One main reason is that people treat them like free money without really planning how they will pay the money they put into them. Another is that people do not think of the interest rate will have to pay for purchases on your credit card. If you are making a credit purchase you can pay cash, you can be better than using cash than risk the interest rates run away from you.
3. Stop late fees build
Almost everyone is delayed with a bill from time to time. What really can kill you is late with their accounts so often that the fines and surcharges to start building. In short, the rates you pay each month end may be as large as any of your other accounts.
Ignoring the accounts 2.
This should be obvious, but some people simply not taking action. If you do not pay your creditors, that is their right to take action for recovery against him. Most of them, however are willing to be tolerant if they just talk to them. Many companies will allow extensions if needed, provided that when talking to them in time. Give it a try.
1. Spending more than you earn
Any more on this list is derived from this simple rule: know how much we do, and spend less. It sounds simple, but can fall hard. A Once you start to keep track of revenues and expenses, however, you may be surprised at how easy it is.
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