Bad Household Spending Habits You Must Stop

Our household spending eats up a major portion of our income. We spend money on food, clothes, fuel, and shelter —all essential for our survival—on a daily basis.

But we also buy things on a whim, because that really nice piece of furniture will look just amazing at the entryway. We buy this popular brand of detox drinks because you can apparently lose 7 kilograms in just 7 days. We charge everything to our credit cards because it’s more convenient to swipe than to walk a few paces and withdraw money from the ATM.

Not everyone realizes that these seemingly insignificant buying decisions can cultivate bad household spending habits. Some even consider getting a cash loan just to appease their impulse purchases.

We fail to realize that by spending our money this way, we are actually losing more. Here are some examples of harmful spending habits that you need to stop ASAP.

Which ones are you guilty of?
Bad household spending habits you should stop

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(Source: GMAnetwork.com)