Bad habits that take a lot of money out of your wallet

Are you running out of money every month? Get rid of these bad habits and we guarantee you will have more money at the end of the month!

We all know the feeling when we see something in the shop window, we like it, we buy it without thinking, and we later regret our decision. At this point, we expect someone to reassure us that this was not such a bad decision.

Usually we get this feedback from family members, friends or colleagues, so it is very likely that they will reassure us that we have made a good guess. But there are habits that can have a bad effect on your finances, and we will introduce them to you.

The article is not designed to make you feel bad, but to help and shed light on habits that will leave you with far less money at the end of each month.

These habits should not be strengthened.

Alcohol, parties and nightlife

Alcohol, parties and nightlife

It’s easy to make excuses to go to town, meet friends, talk about a day or two with a glass of drink.

Even if we don’t like going to bars so much, our friends may have made it a habit.

Partying and drinking is one of the most popular forms of entertainment for people. However, it is also true that drinking and drinking in the short run will cause us to lose a lot of money in our wallets and damage our health in the long run.

We don’t even think we will have to buy medicine over time.

If you need more money, try to participate in these activities as little as possible and do not decide under pressure . This way, you can easily improve your financial situation.

Coffee and cigarettes

Coffee and cigarettes

Addictive products like coffee and cigarettes are something that many people struggle with. We feel that coffee and cigarettes will help us concentrate or be calmer.

It’s okay if you want to drink coffee every day, but if you always buy it from a coffee shop, you’ll pay a lot more than making your own coffee at home . This can save you a lot of money in the long run.

Large quantities of coffee and cigarettes also damage your health, increase your chances of getting sick and you will have to spend more on medicines. Get rid of these addictions and boost your finances!

We spend all the money every month

We spend all the money every month

It’s a very bad habit to spend all your money every month. If you need money for an unexpected accident, you will notice that the bag is empty.

Therefore, it is always a great help to have a savings account that we collect every month for difficult times. This money should only be touched when we need it due to an unexpected situation.

We keep our money in the payroll account

We keep our money in the payroll account

Many people don’t think about it, but we can lose 1-2% a year if we leave our money in the payroll. The reason for the loss is inflation. This means that our money is losing value every year.

Most investors recommend that you only hold a certain amount in your payroll account and invest the rest. The type of investment is up to you. This could be bank deposits, stocks, government securities or mutual funds.

Find out how many credit cards you should have!

We are going to get away from the myth in this publication and I will start by saying that having many credit cards is not something that can necessarily affect your finances.

But, you may wonder, how is this possible? Easy! It all depends on how you handle the available credits. The key is to use smart, compare well and know the fine print of the credit cards we buy. Here I tell you more.

The benefits

First I want to talk to you about the benefits that it can bring you to have more than one credit card. First of all it will improve your credit history , as long as you are a punctual customer with your payments; and is that banks can give you more loans to more credit experience you have.

Second, you can have credit cards with greater credit capacity. This is simple and is that when you already have a credit card, competitive banks will call you to offer you cards with them and for you to choose the credit amounts are usually higher. In addition, once you obtain major credits you can discard your first credit cards.

Some tips to avoid temptation

Some tips to avoid temptation

Sounds like a religious norm, but it will help you: never carry more than one card with you. The idea of ​​having more than one credit card in your name is to take advantage of them not to play against you.

If you carry all your cards you will tend to make compulsive purchases and therefore not planned within your monthly expenses which can lead you to have unpayable debts .

Don’t forget: more credit power more responsibilities


When you have more than one credit card you must assume more responsibilities, so it is good to organize; that way you won’t miss the payment dates that generate unnecessary interest; In addition, you should not take out cards without previously evaluating their benefits or they will represent an unnecessary additional expense.