Managing money in today’s online era is not easy, because there are so many temptations, such as shopping, snacking, and playing online games. Or, maybe the story is that you have tried a simple lifestyle, but still the money you make is not enough to help yourself to just ‘live’. Generally, many factors can make your income or salary never enough. For example, you spend too much money to fulfill your lifestyle. Worse, you are trapped in a lot of debt in various places. As a result, every month most of your paychecks are forced to run out to pay off these debts. It’s a situation that is quite dangerous for your financial condition. It’s better for you to immediately realize the signs of mismanaging your salary before you sink into an unhealthy financial pattern. Instead, you recognize seven signs you are mismanaging your monthly money through Google.
The one thing that is most visible if you are having problems with managing your income is always thinking and using a credit card as a solution to your lack of a paycheck. That is a very wrong way.
Stop thinking credit cards are a solution when your salary is small or less. Know if you continue to apply the wrong mindset about using credit cards, then the risk is that credit card bills pile up, you experience credit card failure. Improve your mindset about credit cards. Understand that a credit card is a facility from a bank that can make your life and finances easier if used wisely. Prioritize using a credit card to get discounts, promos, point rewards, and cashback.
One of the things that indicate you are wrong in managing your salary is that you always run out of money at the beginning of the month. If this happens infrequently, then your financial problems may not be too severe. Avoid being extravagant or shopping for consumptive things. Then most importantly, don’t forget to hold yourself back from opening new debts when the old debt has not been paid off. Do a simple evaluation of your finances. Write down any installments or debts that you must pay every month, also note how many living needs you have to meet for a month.