Which is one typical habit that keep people in financial mess?

[Trush Jodie]

The actions and things that we do always shape our financial lives. For some people, they have made some decisions that have hammered their financial lives. One of such actions is a person that has kids before having a financial stability.

Such action would keep the person in financial mess for a long time.

 

[Springtime]

Impulsive buying; always buy what you want, not what you need may drain your financial resources.

 

[eLdavis]

For most persons, it is usually impulse buying or spending without any direction or budget in mind.

 

[Nomad]

Buying luxury and trying to impress people by buying unnecessary items keep people under financial constrains.

 

[Stardom22]

Most people are really extravagant in the mode of spending. They tend to waste too much money on the luxurious things for sure.

 

[King Belieal]

Buying luxury and trying to impress people by buying unnecessary items keep people under financial constrains.

This is one of the social constructs and mindsets that can keep people poor. The penchant to impress people. You see it expressed mostly in the purchase of fashion items.

 

[Laurentta]

One typical habit that keep people in financial mess is impulse buying.

 

[Min George]

People refusing to work would render them in financial mess. Some people are broke just because they are lazy.

 

[freelancermaria]

You are right. Some people choose to have children even when they are facing financial hardships. I know someone who decided to have children even though she did not have a job. She depends solely on her mother, who is also facing financial struggles.

 

[Kross]

For some people, it is the fast life that they live that would keep them poor and broke. They want to party and turn up every night.

 

[Xtynehappy]

I have realized that most people are very extravagant and that's why they spend more than they earn.

 

[Trush Jodie]

I have realized that most people are very extravagant and that's why they spend more than they earn.

That's true. They would love to buy the latest clothes instead of investing and saving money. There is no way such people would grow financially.

 

[pousinha]

In my country (and the neighbor Argentina, sharing a similar culture), one of the typical habits plummeting one's finance is the 15 years old birthday party of a female teenager. There is a tradition pushing people to organize a party that looks like a luxury wedding party, including a bride dress. A party like that for the sake of a niece of mine, cost to my in-laws in one day the double of my entire second university degree. And whatever birthday party, especially children's birthday parties, has the habit to cost thousands. So you imagine...

 

[Augusta]

Lack of savings and trying to live beyond your means or trying to impress you would make financial mistskes

 

[Stardom22]

Most people confuse with spending their business money on personal issues over business related matters for that reasons.

 

[pousinha]

Being spendaholic looks like to be the main reason. Worse, when people spend cause vices (unfortunately, it yet happened people lacking food because they didn't want to get rid of cigarettes, so they were purchasing cigarettes before bread...).

 

[Suba]

There is no certainty that people who have children before having financial stability will cause that person to have long-term financial problems, many young couples get married and have children and are successful even though their economy was initially unstable.

 

[King Belieal]

Trying to live the high taste life when one can't realistically afford it would keep the person broke and poor.

 

[Augusta]

It is about spending snd spending more. you just have to look for means to create more income to spend more

 

[Stardom22]

As far as l am concerned, the main typical habit that keeps most people out of the financial track in most cases in my region is the problem in spending. Most people usually overspend on the luxuries