9 MONEY Habits Keeping You Poor

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[thisismyopinion]

Two tips for when you Go shopping, 1, Always Eat before you leave, you spend a lot more than necessary when you shop hungry, 2, when you are done and before heading to the checkout, move to the side and go through the trolley/ basket and remove the wanted rather than needed items.

[martyndawson]

I think the problem the 'young uns' have (fogey here) is that they don't recognise they are spending with that contactless payment. Physically seeing the money by using cash reminds you that you are spending actual money. Using cash is my No. 1 tip.

[ME-fosi]

I’m going to see my son and sister soon, traveling from other side of world to them. Before I’d go shopping for new stuff but this time I’ve cleared all my clothes out and looked at what I already have. I was surprised at how many clothes I’d forgotten about. So I’m rearranging and just adding a few items to coordinate all 😃saved a fortune. Plus i packed up a few bags and gave them to other people. The gratitude was too much made me very humbled.

[TheVicar]

Like my long dead Grandmother, who was born in 1917, used to say to me "Never a lender nor a borrower be"

[roxy]

In Australia you don’t need to purchase water!
You could have saved a lot of money buying a large water bottle and filling it with water.
I NEVER buy water which also means less plastic.

[paulcollyer]

Generally good advice, but some are in no position to help themselves out of the hole they may be in. My debt saga started when I was the only family member able to pay for my mother’s funeral, in 1991, but had to go into debt for this.
So my First piece of advice from my own perspective, avoid debt if at all possible! Once in it, it will continue to trip you up, 27 yrs, as next was my Dads, then debts accrued on joint accounts by my now ex wife, but as the working ex spouse, I was chased. It continued until I received a nice legacy. Using that to “speculate to accumulate” (newish car that WASN’T a money pit) and clearing all my debts, I am comfortable. Not rich, but comfortable.

[dmvrant]

Very good advice. I will use this to show to my daughters. It should be taught in schools.

[tonyedwards]

Do I need it or do I want it? My motto!

[sept]

I saved my money when others were earing more than me and pending it all. When my car broke and my wages dropped I asked for benefits. They said no because I had saved some money. the "wasters" all got benefit handouts. Happens all the time.

[jackmason]

Ive lived like this all my life then people call you mean or miserly but i am the one with the money in the bank

[boisterous_taco]

“I wanted to teach him a lesson, so I didn’t give him any of my water. Tragically he died of dehydration but I digress, lessons were learnt”

[dodgydarryl]

So many things I did in the past are in your list. I started with the spreadsheet. Just recording what I was spending to start with. I found never taking cash out made that much easier. Thanks bbb

[daftirishmarej]

Also known as "Live Within Your Means"

[dannydavis]

Good video I've always taught my children look after your pennies and the pounds will look after themselves Thanks Danny

[sisiphas]

Good video, I’m sending it to my kids - only one of whom is financially on top of everything and has been since she was 7. The others are relatively prudent but this info in a podcast is a good reminder.

[ManceyJG]

My Nan used to say ‘look after the pennies and the pounds will take care of themselves’

[chrism]

Iv always found if you draw your money out the bank at the start of each week you know how much your spending you can loose track with a card

[lisejacquelinerigault]

In my late forties, after a divorce, I had enough money to pay for a very small property in London. mortgage free, and a wreck to do up in France on my own. Although it was tempting to get a mortgage to do the property up, I didn't. I did as much as I could, always paying cash that I saved in advance, for the artisans. Then at retirement, I rented the London property and finished the French one where I live. It took a longer time to achieve, but I could sleep nights as I was self employed.

[expatexpat]

Excellent. I've forward this to my son.

[ianmarsden]

Thank you for the advice, which highlighted a few areas. I guess 9 plus a 'bonus' if technically still 10, but valuable 😊