4 Behaviors that exhausts funds


4 Behaviors that exhausts funds

1.      Imprompt purchasing
This concept means purchasing without having proper arrangement and plan. Not having prior plan on what to purchase and when to purchase and at what resource to be used for purchases. Avoid purchasing everything you see near you.  If you purchase incidentally, it is likely to purchase at high price (no research made on prices) and also there is a risk of purchasing a low price product. To avoid this behavior, make sure you do not take huge sums of money.

4 Behaviors that exhausts funds


2.      Spending more than you earn
It is important to spend basing on the level/limit of your income you earn. Living a costful life with costly spending has been a source of huge borrowings that exhausts funds on loan repayment.

3.      Spending virtual money
This concept means spending basing on income not yet received. Only a certain funds have been promised but yet received.

4.      Excessive borrowings
More borrowings especially on those costful and unnecessary items. Loan repayments exhausts all funds received in later stage.

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