7 things that hit the finance more than the love of coffee to go

Habit of buying a coffee on the way to work or a walk now called almost the main eater personal budget. Although rejection of the daily latte is able to really significantly reduce costs, it will not so much as the correction of these bad financial mistakes.

1. Do not create a budget

Let's start with the most simple, but still not too popular rule: everyone needs a personal budget. Even if you feel that it is nothing to create, in fact very difficult to get lost in your income. As one of the most popular financial advisors in the US Dave Ramsey:

When you have the budget, you tell your money where to go instead of wondering where they went.

Understand what you spend the money and make sure that each of these needs is really worth it and you needed. We define spending priorities, understand on what you could save and how. It is important that this analysis helped you change your habits and more aware of the money, and was not an event to assess the damage.

2. You buy things that you can not afford to

Before a major purchase is necessary to pay attention not only to how you will live the rest of the month, but also how much money this thing may require in the future. Cost of goods - not all the price you end up paying for it. Repair of expensive phone, car maintenance, impractical expensive thing in the wardrobe, which requires regular dry cleaning and special storage conditions. Make sure that in the future this purchase will not become the main source of your expenses and additional headache. For reckless financial decisions it pushes us not only love the good life, but also public pressure. When family and friends and then hinted that at your age it's time to think about their own housing, it is easy to get involved in a mortgage, even if not yet ready for such a serious commitment. Before any purchase is better to be sure that this is what you really need now, and not what you expect from.

3 to receive education for diploma

Another huge expense for many families - higher education. In some areas, a master's degree will really help move careers, but most follow him simply on the machine, because the bachelors we still perceived "nedospetsialistami".

Before you spend a lot of years and money (even parents) to study at university, make sure that you are driven by specific practical purpose, instead of public expectations.

4. Do not ask for salary increase

Reduce costs - a good way to get richer, but the increase of their income is much more effective. Pay attention to how adequate salary that you get the last few years, and how does it compare with the efforts that you spend on a job. Maybe with time you added a lot of additional responsibilities that can not be paid, you become the best specialist or took some other changes. Chiefs almost never offer to raise salaries by themselves, but may respond to a request for this, if you're convincing enough.

Do not be afraid to ask for what you deserve, or find a higher paying position, if you do not appreciate where you are now. Even not very large, but regular wage increase will significantly increase your budget and motivation.

5. Do not work on your credit history

If you think in the long term of the mortgage or other large loans, work on your financial reputation is worth now. Always get back small loans. If you have not - should take and settle just for a good credit history.

6. Do not set goals

About whatever you wanted, it's certainly worth the money. Statement of major life goals will now adjust their financial habits and priorities, so you do not find that all that time spent wasted revenue. Let money become that helps rather than hinders you to get what you want.

7. postponed all for later

The long-term financial planning - not what you reflect 20 years. However, getting used to keep track of your expenses, you each time to contribute to their own future, which, as is known, always comes suddenly. It does not matter what it is about: to abandon the paid services, which have long not using, choose a bank with a better interest rate, open a retirement account that now make at least small payments on it. After many years you will thank yourself for having taken the initiative today.