10 Common Money Mistakes that Keep You Poor
As creatures of habit, who like to repeat the same behavior, our personal finance habits have an enormous impact on our financial well being. Unfortunately, all too many people fall victim to the same common money mistakes.
Recognizing and eliminating these mistakes is the first step to financial independence. Here are the money mistakes that you need to avoid. How many are you guilty of?
1. Impulsive Spending
The source of most personal debt is spending more than you need. Don’t go shopping when you’re bored, you’ll buy things you’ll rarely use. If you are prone to impulsive shopping, try to make a clear plan for what you need to buy, and what you need to avoid. If you really want something, you can come back the next day — be patient when shopping…
[Read this article on: PickTheBrain]
In Simple English:
» as creatures of habit… = we always do the same thing the same way
» an enormous impact = a very powerful effect
» eliminating these mistakes = not making these mistakes again
» If you are prone to impulsive shopping… = If you are the type of person who normally decides to buy things suddenly and without planning…
