1. Salaries are higher
When there is less pay, there is less time spent and more should be spent. That’s the thinking of some people. This will leave you no money for savings, but rather how much you spend.
2. Present needs only do not care for the future
Most people focus on current needs, forgetting what the future holds because they think about it. That day will be the next day. So you have to think carefully before deciding on whether or not something is really important.
3. Adhere to the concept “it’s not yet time to save”
This is common in adolescents. They think that at this age they do not have to save money because they have a lot of time left in their lives. This habit may cause them to be wasted until old age.
4. Don’t take note of expenses
We know how to make money, but we should be aware of how much money is being spent. Attempt to carefully note these revenues and expenses. Sometimes a small expense unknowingly costs you more than the big bucks over and over again.
5. Not clear about demand
Some things don’t really matter, but you go and buy them out of the way. If you feel that things are going to be big in the future, try to get rid of the craziest things.
6. Keep your mind off electronics
Buying electronics such as phones, fridges or televisions is not a bad thing to avoid. But buying the latest version of electronics is a must-not for anyone who wants to save money. Even with enough money, it’s not easy to catch up with technology because it’s growing. For example, new series of smartphones come out every year, and in some cases 2-3 years. Therefore, you should never run up your phone.