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?
1. Not having a monthly budget.
Having a budget every time you receive your salary does not make you a sucker, neither does it make you stingy. It only means you are spending your money wisely
2. Spending money before you have it
3. Impulse buying.
If what you buy is dictated by impulse, your income may not take you through month end, let alone having something to save. You need to stop this to improve your spending and saving habits.
4. Living a fake life
The fear of what people think about you can make one make wrong financial decisions. In a bid to impress people, someone can go as far as buying things they do not need.
5. Becoming too generous.
Being generous is good but you don’t have to take it too far, especially when your income does not agree with your level of generosity.