8 Habits Preventing You From Saving Tons Of Money

In this video, we’ll share with you a few habits that are hindering you from saving more money than you should.

Timestamp
00:00 Intro
00:01 Not budgeting
00:55 Relying on credit cards
02:12 Buying impulsively
03:05 Making excuses
04:33 Refusing to cut back
05:38 Making convenience purchases
06:13 Not being prepared
07:49 Accumulating a lot of debt

Watch more Practical Wisdom!

Practical Wisdom – Interesting Ideas

DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
- The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.

[dovieursery]

I made my first million investing in stock as a beginner, excited, now I can focus on my kids and other things in my life.

[Charlie-vebo]

Always good to learn more about money.

[DemetriPanici]

Becoming a minimalist prevents most of these habits. It's pretty great

[MillionaireMindsetClub]

A debt problem is, at its core, a budgeting problem.

[DemetriPanici]

*“It is preoccupation with possession, more than anything else, that prevents men from living freely and nobly.” - Bertrand Russell*

[motivationbaychannel]

No matter how many times you fall down, never give up. Remember how many times a child falls before he learn how to walk.
Much Love😍

[henrysehgal]

Yes, I have taken this advice and will follow it for my 'Japan-on-the-cheap' holiday with my partner.

[Simon-jeko]

If you do not have a budget. You do not know where your money is going. So how can you be better financially?

[oyzydsm]

I managed to save well over 100k in 3 1/2 years. I was planning to invest that $ into real estate but then the market went nuts so now idk what to do

[Coincollector]

My way of saving money is stacking gold, silver and currency. So I'm buying money instead of spending it. A portion of my earnings and holiday money goes Into my commodities. Since I stack, the money isn't spent and I'm looking at a profitable future and comfortable retirement. Of course retirement is atleast 25 years away.

[kevindudson]

I never budget. But still my networth is growing month after month.

[fitnessuniverse]

How do you manage to make all of this videos and content every day...:)
But, one thing, "do you need or want" - yes, I did some of that stuff in a sense of nutritional discipline and life discipline as well, but why and how long... And that would be eating what other called "plane" food, but I like it.
However, why wouldnt you reward yourself, why wouldnt you have various options of making various "healthy sweets", cakes,protein combinations, good meals, nice living? That has its price, too - its not for free.
Whats the point of spartan life (by the way, that almost no one can endure in the western world) in these days?
If you some goals, needs, something happened or etc., - alright, but just to cut yourself from everything has no point except big fear inside, that most of yankees are driven with, and that why they piling everything they can...