1) No Budget
2) Failure to track your money
"I don't understand where my money keeps going?". How would you know where your money goes when you don't care to keep records of how your money is spent. Tracking your money is as important as budgeting. Budgeting gives a blue print of how your money is going to be spend but tracking gives you insight details of expenses and income. With this, you will definitely understand your money patterns and modify it to enable you save more.
3) No Provision for Emergencies
4) Turning blind eyes
Some of us get to scared to check our debit alerts after we make a bank transaction. It's understandable. You don't just want to live with the reality that your account is going red. No matter what, it's still important you check your account balance to enable you know what exactly is going on with your account. Errors and unnecessary deductions can be traced and rectified earlier when you keep track of your account balance. Always check the debit alerts.
5) Unnecessarily hoarding money.
Unnecessarily hoarding money is a bad money habit. Some people are just too stingy to themselves. They prepare for extremely cheap things that won't last and would not mind buying those things over and over again. At the end of the day, they spend more than they think they economize. Why don't you just go for something not expensive and durable? Buy it once and enjoy it as long as it last. Hoarding money at the expense of your well being especially your health is too dangerous. You will end up spending more than you are hoarding. A stitch in time saves nine.
6) Personal Vices
If you're guilty of any of these bad money habits, take adequate actions and be financially stable. Otherwise you risk being broke for as long as you live. Decide, strategize and get into action. #MakeEverydayCount