HomeEducation Education Bad Financial Habits: #1 Spending more on luxuries Bad Financial Habits: #1 Spending more on luxuries

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Bad Financial Habits: #1 Spending more on luxuries

Bad Financial Habits: #1 Spending more on luxuries

Saturday, April 15, 2017, 9:50 AM

Overspending on luxuries such as buying unnecessary things or going for movies too often may harm your financial health. So make sure you do not spend your hard earned money, unnecessarily. Outline a specific amount you can allocate to such spends in your monthly budget and stick to it. Not more than 30% of your monthly budget can be used for luxuries.
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