Eliminating some of our most common money mistakes can be a truly liberating process. It can leave us with a sense of possibility and clarity we don’t often get in our financial lives.
Most of us were not given a formal financial education and this can leave many of us in the dark in certain areas of our finances. And without expertise in finances, mistakes are bound to happen. What’s important are the changes we make once we’ve identified common money mistakes, before they become dire and costly.
So, what are the main money mistakes you are making?
Not knowing how much you are spending
What is your current financial state? The reason people create debt is because they have no knowledge of how much they are actually spending each month. You need to be very clear on exactly how much you are making each month, and exactly how much you are spending.
I use the Quickbooks app on my phone, which automatically connects to my bank accounts and credit cards. You can also use a free Google spreadsheet and input your numbers each month. The clarity of seeing exact figures can allow you to make informed decisions in the future.