- Spending more than you earn. If you spend more than you earn are creating debt and debts are paid high interest. Many people do not have adequate control of their income and expenses, that is why we often feel that not enough money. Carry adequate control as taught in the book Financial Tips is important to determine whether the level of expenditure is higher than income, and determine where they can make appropriate corrections to rectify this situation.
- Do not keep a record of expenses: If you do not know where is the leak can not be correct, the advice is to budget expenses and track them daily. Many times people make expenditures which do not take note and it is difficult to remember them in detail later. The recommendation is to record as they are usually petty and unimportant, but they create an important gap in personal finance.
- Staying in comfort zone: Do not train, do not open your mind to new ideas, not learn to do things differently. A big mistake on the topic of personal finance is to combine the money with emotion and not find new ways to generate income. Many people live in the comfort zone, that is they are satisfied with what they have today, much, little or as needed. The problem is when there is a need or an unforeseen event that affects comfort. This is why it is important to be prepared, and this preparation begins to learn about ways to help improve financial intelligence is the ability to adequately resolve the financial difficulties.
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