The key to a well-off life is good at managing finances. It sounds simple, but it's not easy to do. Managing finances is often the root of financial problems that you experience during this time. Everything you plan to do looks perfect, but it's always your finances depressed. Why is that? Here's the answer! That is because intentionally or not, you are used to bad habits in managing money. Here are 6 bad habits in managing finances that often occur.

 Avoid These 6 Bad Habits In Managing Finances

1. Lazy To Record Expenses

Have you ever felt confused because your money in the ATM or in the wallet suddenly ran out when you had just paid a payday? Not because you're copycat, but it's because you don't record your expenses. If the lazy feeling of noting it is eliminated, your expenses will be clearly visible so that it can be more controlled. From now on, try to record all your expenses. From the largest to the smallest. Because what usually drains money is a small expense that you often do unconsciously.

2. Not Careful In Using Credit Cards

The requirement to have a credit card is getting easier nowadays. In fact, often even the bank that pursues you to make a credit card. For the reason that there are no lifetime administration fees, you just agree to the manufacturing process so that you finally have a lot of kredt cards. When shopping using a lot of credit cards, you finally forget when the payment schedule. Then you become wrapped in credit card debt that is increasingly piling up because of your indiscliction.

Having a credit card can indeed help you manage your finances, but having too many cards can also be bad for your finances. Have a maximum of 2 credit cards and make a neat note about their use so you can be more careful.

3. Have No Preparation

Many people do not think about emergency or sudden conditions that can occur at any time, such as illness, accident, or ticket. Because it doesn't take this into account, you'll have a hard time when these emergency things happen. The way to overcome this is to save for an emergency fund and register yourself with health insurance and other insurance that you really need. Remember, always have an umbrella ready before it rains.

4. Lack of Long Thinking

In managing finances, you should as much as possible think about its usefulness in the long term. Do not buy items that are cheap but quickly damaged, because you finally have to buy again and again. It is better to spend a lot of money but only 1 time for a long period of time. Therefore, prioritize buying things that are your needs, not just wants. If it is necessary, a little expensive yes it's okay, after all you really need. By buying items for your needs, they are also most likely to be used for a long period of time. So, don't forget, always prioritize needs over wants.

5. Self-Destructive Habits

Everyone has their own bad habits, which are raised here is an example of bad habits that are common to many people. Smoking, alcohol, and gambling are examples of bad habits that are self-destructive and also make spending even harder to control. In order for your financial arrangements to improve, you must be able to reduce or even eliminate these habits. Because in addition to spending your money, this will also damage you.

6. Investing in Harm

The purpose of investing is to increase your passive income. However, what happens if the investment you make even makes you lose money? Of course, the answer is that your money will be drained, not increased. To be able to invest profitably, you must be a smart person and know the ins and outs of such investments. So, before you start buying investment products, start by investing in your knowledge by attending investment seminars, reading books, or spending time with people who are experienced in investing. That way, you will be able to be smarter in seeing investment opportunities.

Control Yourself

Managing finances cannot be done without the determination to control yourself. The bad habits above are things that you must control so that your finances can be arranged better. Start paying attention to the details of your expenses, record them regularly, and most importantly, control yourself from the bad habits above. Good luck!