Many people don't know how to manage their finances correctly. Sometimes they end up having mountains of credit card debt, or lack of certain strategy for the future. Learn about the most common money mistakes and how you can bounce back after a wrong financial decision. Here’s a little secret: everyone makes money mistakes at some point in their life. Just don't be afraid to admit them and do everything possible to correct them. One of such mistakes might be surprising: you have too much focus on saving money. It's like sticking to a really strict diet and then ending up falling back into unhealthy eating habits. It is usually a result of being too hard on yourself − after all, we all deserve to treat ourselves now and then. The same can be said about saving money. #brightside TIMESTAMPS
Want to get rich 00:00
Excessive Spending 00:17
Too Much Focus 01:55
Comparing Your Finances 03:14
Neglecting Change To Earn More 04:20
Focusing on the Price Tag 05:58
Spending Money You Don't Have 07:36 SUMMARY
– All purchases add up to a significant sum to your earnings;
– At the same time, it's important not to deprive yourself of what you can afford;
– The occasional spending can alleviate the stress of working towards a financial goal;
– The more complex the goal, the easier it is to slip up and feel disheartened;
– Comparing your worth to others won't help you reach your own financial goal. It will only distract you;
– Settling into a stable job with a comfortable pay package and slowly climbing the ranks used to be the norm for most people;
– With so many opportunities in the workforce, it's not uncommon for people to seek out new career paths until they find something they like and are good at;
– When you make a purchase, the value doesn't come from how much you save or how much you've spent;
– It's always better to avoid spending money you don't have unless you can budget ahead with certainty. Animation is created by Bright Side.
—————————————————————————————-
Music by Epidemic Sound https://www.epidemicsound.com Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV Subscribe to Bright Side: https://goo.gl/rQTJZz —————————————————————————————-
Our Social Media:
Facebook: https://www.facebook.com/brightside Instagram: https://www.instagram.com/brightside.official
TikTok: https://www.tiktok.com/@brightside.official?lang=en Stock materials (photos, footages and other):
https://www.depositphotos.com
https://www.shutterstock.com
https://www.eastnews.ru
—————————————————————————————- For more videos and articles visit:
http://www.brightside.me

More 6 Things That Sabotage Your Financial Goals Videos