change

Money, even though very important is not extremely constant. And it is sad to acknowledge that sometimes it can just go away. Yes-yes. We all know that with poor management money can be very fleeting and can leave us very swiftly. But, it is very reassuring that we can take measures and stop doing things that can leave us broke quickly.

So, what are the money habits that can leave us broke in no time?

13. You shop with no list.

14. You cultivate your fear of missing out.

15. You try to keep up.

16. You increase standard of living without elevating your income.

17. You think life will not change.

18. You are too shy to ask for a raise.

13. You shop with no list.

Shopping is not the most pleasant activity of all. It can be very tiresome and it can take up a lot of your personal money. But the worst thing here is that you have to plan it ahead if you want to save your money and your time as well.

List is going to ensure that you buy the things that you really need and that the foods and items you do not need are going to stay away from your shopping cart. This, of course, is going to reduce the amount of money that you can waste in this situation.

14. You cultivate your fear of missing out.

People prefer to live in herds. And the more the heard is, the more likely it is that one individual is going to follow it in everything. Here is where your FOMO kicks in. You are scared that you are going to miss out on a modern trend, will not see a ‘cool play’ or will miss your chance to book a table in a new trendy and very expensive restaurant.

Following the trends is not the healthiest monetary habits that you may have and it is sure to leave an imprint on your wallet.

15. You try to keep up.

Keeping up with life is important, especially given that the world is moving so fast. Making a pause even for a moment is going to become the reason for your falling back. And of course, that is not something you would want. So you buy newest expensive phone, trendiest clothes and you eat what is fashionable and hyped.

Have you thought how much money you spend on following trend like this? I bet A LOT!

16. You increase standard of living without elevating your income.

Of course we all want to live a good life. But the truth is that we have to live according to our earnings. We have to understand our capabilities and to live with accordance to them. You need to spend just as much as you can afford to spend and not a penny more.

Living above your means and constantly rising your standard of living is going to not only drain your savings very quickly, but it is also going to come in the way of you topping up all of the accounts.

17. You think life will not change.

Not planning for future possible downfalls is one of the worst habits that can sabotage a financial plan, according to financial expert Jackie Beck. It’s easy to think life will always be as good as it is today but, for some people, that won’t be the case.

If you don’t plan for life’s downside, “you don’t leave room for error, unexpected events, or emergencies — and that can wreak havoc on your budget,” said Beck.

18. You are too shy to ask for a raise.

Asking for more money and wishing to get payed more is natural. And you as an employee can easily ask for this. After all, the job market is filled with offers. And if you feel like you are underappreciated in your current place, you can always start looking for something better. In any case, the choice is yours.