3 Bad Habits In Financial Setting

almost all people want to achieve financial freedom. Science of how to manage personal finances well are shared by many financial institutions and financial experts, but until now not everyone can achieve it. They've been saving in a variety of expenditure items but still have not been able to achieve the dream of financial freedom.
Why did it happen? Financial condition of our current practices related to us in managing personal finances. Formed by human habits that every time he did. In financial terms, a person's successes and failures in achieving their financial goals is largely determined how the habits of the person in managing his personal finances.
Here I would like to share three poor financial habits and how to fix them:

1.Accumulate credit card debt

Credit card is actually a tool for us to simplify the payment process. With the more easily obtain credit cards, many people began to accustom themselves to pay for everything by credit card, this habit is good only when the credit card bills are always paid in full each due date.

But if that is paid every due date is only the minimum payment, this is a habit that will bury a person in debt is increasingly piling up credit card interest rate plus the ever-increasing many times over.

The only way to solve this problem is to STOP using your credit card, you get used to conduct financial transactions with cash, then use all the extra money that you can get each month to pay off credit card debt. You will make progress in achieving financial freedom when you stop using credit cards to purchase goods / services outside of your ability.

2.Spending money income received exceeds

The habit of spending money than the income received is one of the bad habits that hinder a person to achieve financial freedom. This habit is the root cause of a lot of people have debts that had accumulated.

And this practice applies to people in different income levels, a mediocre income and whose income is more than enough. Everyone should start to learn to have enough flavor.

Feeling pretty good this is a habit that will help to correct bad habits of spending money than the income received. I'm sure if we can distinguish which is which needs and desires, most of us already have enough income to meet basic needs for survival. If your income every month is not enough to satisfy our basic needs, take extra time to earn extra income to replenish these basic needs.

3.Trying to compete and to equate yourself with other people

Often you see a neighbor driving the latest and past the front of your house. Then you start thinking, "Wow, he could just buy a new car, why can not I?". Encouraged by such thoughts, you decide to go to fairs or car sales outlets and buy the latest cars to use car loan facilities.

In fact, in reality it's not necessarily your neighbors can afford to buy a new car. So, you and he are both buying a car that has not been able to buy just to compete with each other.

Starting from the cars, mobile phones, watches and other desires, you will be mounting debt. If the debt is not resolved then it will push you fall into the abyss of debt. You have to understand that material wealth can not bring the happiness, have enough feeling for everything and satisfy your desire is only when you are truly capable of.

Thus three poor financial habits and change the ways habits into good habits to achieve financial freedom everyone had always dreamed.