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Top 15 Pocket Killers

Although there are many things that you might do that will either increase your chances at saving money, or decrease your chances at saving money, there are 15 main things that people do that really hurt them. These are the top 15 pocket killers – the things that you might do to really hurt your chances at saving and spend money too often.

Rely Too Much on Credit

If you rely too much on credit, you are only going to be hurting yourself. Having too many credit cards allows you to buy things that you just can't afford. If you don't have the cash for it, you shouldn't buy it.

Buy What They Cannot Afford

Getting the things that you cannot afford is also a pocket killer. Sometimes people simply feel like they have to have this or that, and it ends up being much worse for their pocket books than they ever thought it would be. Stick to the things that you can afford – and that might mean buy things that aren't name brand, either.

Impulse Shopping

Buying things on impulse is always something that is dangerous, because it is just too easy to buy things that you don't need. Try not to do any impulse shopping. If you see something that you really want at a store, make note of it, and then go home. Think about it, talk about it, and see if you really need it or not. This will cut down on unwanted spending.

Take Out More Credit

Many people use their existing credit cards as a means to get more credit, and for awhile, credit card companies will love you for it. However, this can be really dangerous for you as it is going to just lead to more instances of you not being able to save money and pay off the credit cards you might have.

Fail to Comparison Shop

There are lots of deals out there, and it is important for you to see this. Be sure that you are always comparison shopping, because this will help you get the best deals. If you aren't comparison shopping, you are wasting your money.

Fail to Discount Shop

For some people, there is a stigma that is attached to going to discount stores and buying discounted goods. However, it is important to see that you need to be able to look at discount stores to get the best deals on items, especially consumables.

Have More than They Need

There is going to come a time when you realize that you have more than you need. This is a huge aspect of spending too much money. If you are able to only buy what you actually need, you'll be able to save more money and you'll also be able to budget more.

Keep Up With The Neighbors

If you think that you need everything your neighbors have, you are going to be in for major problems. Stick to what you need, and don't worry about keeping up with them.

Fail To Pay Attention To Bills

When you have bills that are overdue, you are spending way too much time and money on fees that accumulate. Pay attention and pay your bills on time. If you have overdue bills, you are going to be spending much more than you should.

Use too Much Electricity

You might not know it, but shutting of a light can really save a lot of money. Therefore, if you are able to cut back on the amount of electricity you use, you'll find that you are saving much more than you ever thought you would.

Think They Need What They Don't

Many people get wrapped up in their wants versus their needs. If you are able to see what you really need, you'll find that you are able to afford it quite easily.

Go Past Comfort

There is a certain level that you'll need to hit for comfort. Once you've gotten there, don't feel that you need to have more. Just being comfortable is important.

Trade In Too Often

Just because your car is getting a little old, or your hot water heater isn't the newest model, shouldn't mean that you need to trade in for more expensive things. Many times people feel that they have to have the newest and the best. However, the more that you can make do with what you already have, the better off you are going to be, and the more you are going to be able to save.

Don't Think For Themselves

If you find that you constantly have people telling you what you should and shouldn't buy, and what you need to have, you might not be able to think for yourself. If you aren't taking the time to think for yourself, you might not even know what you are going to be buying. Take the time to think about things and see what it is that you really want to have and need to have. If you think for yourself, you'll find out that you are much smarter.

Stress Out Too Much

Lastly, it is all too easy to stress about finances and worry that you aren't buying everything that you can. If you are able to relax and recognize that you just won't be able to buy everything that you think you should be able to buy, you will probably find out that you are actually going to be on better standing. Therefore, keep it simple and try not to stress out too much.