Trying to save bucks to buy your dream home or for that early retirement you eyeing? But saving money doesn’t seem to be your cup of tea.
By the end of each month, you’re always failing to reach your goal. Every single time, you wonder what went wrong.
Years of research prove, people are making three big mistakes that tends to hit their savings:
1. Sale Shopping
Finding a good deal is always exciting but buying something just because it’s on sale is a quick way to lose money. A general rule of thumb is to spend a little to avoid spending a lot later on.
2. Don’t Skip the Essentials
Don’t skimp on going to your routine doctor or dentist visit. These trips cost money, but skipping them could lead to serious health issues not being detected early. If money is especially tight, find a low-cost community health center.
3. Acting Timely
Just like health, when it comes to car maintenance, ensure your vehicle is in good shape. Make sure the oil, belts and filters are changed when they need to be. This will help your car avoid breaking down, which leads to expensive repairs. Changing your car’s oil is also something you can teach yourself to do. Same goes for home maintenance and insurance. When you act on time, you save a lot of money that can be incurred in sudden expenses that hit your savings.
