Credit card debt and high-interest personal loans can drain your income and impair wealth-building.
Renting or buying a home that exceeds your budget can limit your savings and investments.
Regular restaurant and takeout visits might be costly. Home cooking can save money.
Splurging on luxury cars or financing them with exorbitant monthly payments can drain savings and investments.
Making frequent purchases, especially on non-essentials, can erode your savings.
Not saving enough for emergencies or retirement can hurt your financial future.
Luxury holidays, hobbies, and entertainment can drain your finances.
Using credit cards and loans to maintain a lifestyle might cause financial problems.