Expenses Made In Your 30's That May Haunt You In Your 40's

Are you trying to save money but can not see savings after months or years ? Probably, you are making some common mistakes. Let me show you ...

Are you trying to save money but can not see savings after months or years? Probably, you are making some common mistakes. Let me show you why you can't save and how can you fix your financial issues to save more money. The very first step is, you should find the mistake you are committing to keeping money in the bank. 

The truth is, you will regret todays expenses after the next few years, but if you can save a few bucks every month, you will be grateful for that. Here are some tips to take account to ensure your future economic freedom. 

Expenses Made In Your 30's That May Haunt You In Your 40's

Do not identify your expenses 

It is necessary to determine each of your monthly payments, this way you can liquidate them and leave a free part of your salary to save. 

Use your credit card as a method of salvation 

This type of payment should be used only for emergencies, not as a resource to absorb your pending expenses of the month. It is also worth using it to buy expensive and necessary things like a refrigerator, stove, washing machine or television. If so try to hunt offers and months without interest. 

Are you saving enough for a better future? Check out here

Buy things you do not need 

However beautiful those shoes are, do not buy them if you're halfway through the fortnight and you did not have them contemplated, but above all else, you need them. The same with the cell phone that just came out of your favorite brand; If yours still works do not make this unnecessary expense. 

Mistakes with your finances that make you lose money

LEARN HOW TO MANAGE YOUR FINANCES

It is straightforward to make mistakes with money, and that can cost you dearly. Do not leave for another day the organization of your finances. We show you 12 problems that cause you to lose money.

YOU HAVE NO PLANS TO ORGANIZE YOUR FINANCES

It is essential to have a plan to pay off your debts and achieve your goals at an economic level. Imagine where you would like to be in six months and try to find a way to get there with the money you have.

Also read: How To Spend Less and Save More Money 
How To Get Out Of Debt Fast, Even With A Low Income 

KEEP IN MIND THE SMALL EXPENSES

Buying a soda or ice cream is not expensive ... but everything adds up. You can save a lot of money by putting aside "frivolous" and unnecessary purchases such as morning coffee. 

YOU LIVE ON "BORROWED MONEY."

If you live on credit or have to borrow money to buy what you need, you will never make it out of the pit. If this happens to you, you have to make a radical change in your relationship with money: create a budget and learn to live without consuming unnecessarily. The credit card is your friend only if you can pay the full balance every month.

YOU HAVE NO SAVINGS IN CASE OF EMERGENCY

You never know when you'll need it. Separating a little money, about half a salary, will help you buy the things you need, but is that enough? Create an emergency fund equivalent to about six months of salary, in case there is an inconvenience or unplanned expense.

YOU HAVE A JOB, BUT YOU DO NOT SAVE FOR YOUR RETIREMENT

The day will come when you stop generating money, but you still have to be able to support yourself. Try separating a little from your salary into a retirement fund.

DO NOT TAKE ADVANTAGE OF YOUR EMPLOYMENT BENEFITS

Find out what the advantages and discounts your employer gives you. Discount at the gym, special prices on electronics and cheaper insurance are some of the things that will help you save money.

YOU HAVE A RENT OR MORTGAGE THAT YOU CAN NOT AFFORD

You may be living in a house or apartment that exceeds your purchasing power and does not actually meet your needs. The bigger your home, the bigger the bills. If this happens to you, consider moving.

YOU ACCEPT A STUDENT LOAN WITHOUT ANALYZING HOW THE PAYMENTS WILL BE

Of course, we would all love to go back to school. But before taking a student credit, make an account to know how much of your salary you will have to separate to pay it off.

HAVING A CAR IS NOT AN ADVANTAGE

Let's make things clear: having a car is a liability that represents expenses. And it not only costs money but also depreciates over time. If there is anything worse than believing that having a car is an asset, it is borrowing money to buy it. If you do this, you will end up paying the interest on the loan for a vehicle that is worth less than what you paid.

Also read:
Seven Mistakes When Teaching Your Kids About Money 
10 Things You Should Know Before Hiring Insurance 

ALWAYS FOOL YOU WITH MONEY

There are always people who try to take the money, legally or illegally. If someone calls you or sends you an email to offer you an investment too good to be true ... be careful. In the same way, you have to be alert to cyber scams.

YOU DO NOT REMEMBER THAT ECONOMIES AND MARKETS ARE CYCLICAL

Making money in the bag can be easy. But bear in mind that all financial markets have a cyclical pattern, such as day and night. There are no exceptions. Accept variations as part of your long-term money-generating plan.

YOU THINK YOU'RE INVINCIBLE

You're not invincible. In buying and selling bonds, foreign currency investments and options and futures or any other investment business, remember that you can lose everything you have from one day to the next. Make sensible decisions.

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