Last Updated on Mar 13, 2020 by James W

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When it comes to money, most of us are dreaming of them in such a way only a rich man would be able to live a life. Still, even though we think of them and crave to have them at our hands, we don’t do much of the necessary work in order to gather them – instead, we only dream. In this case, it is a serious must to see what is the path we need to take up to live the life we dream of. Make sure to stick with us and keep an eye onto the following lines and find the 5 spending habits to which you should always say stop!

 

  1. Buy Brand Name Clothes

Believe it or not, this is the number one mistake you should always avoid. I know the brand names are so beautiful and trendy, but let me tell you something – they are just clothes. No one will even see the brand, because it will be under your clothes and almost at all times not at the catch of the human eye.

 

  1. Buy Water Everyday

Trust me, you don’t know what fortune you throw at the window. Buying water on a daily basis in small quantities will make you poor in a matter of days. Instead, buy water in big quantities – and take a bottle with you everyday you go out and refill it daily.

 

  1. Eat Out

From time to time, you can try the taste of going out and eating out, but again, not on a daily basis. Unfortunately, when you eat out not only your stomach knows for sure what you get within it, but also you pay an arm and a leg plus the tip!

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  1. ATM fees

Of course it is so much better to have your money on a card. Still, there are fees that are being taken up from your money because of paying with your card or getting cash out from ATMs. Instead getting your money out twice a week, how about using it only once a month?

 

  1. Buy New Useless Things

I don’t know about you, but as much as I’m concerned, I always do this mistake. Buying new clothes would be able to provide you a sense of new for a short period of time – but your pockets empty for a longer period of time.

Author

Article writer, life lover, knowledge developer and owner at youngmoneymakertips.com