The six poor money habits to avoid are:
• Neglecting savings: Failing to set aside a portion of income (ideally 10%) consistently before paying bills.
• Overspending on status symbols: Choosing expensive flagship items over economically-friendly alternatives, leading to living beyond one's means.
• Unmonitored credit card use: Mindlessly swiping cards without tracking total accumulated debt, resulting in "bill shock".
• Paying only the minimum balance: Relying on minimum credit card payments, which triggers high interest charges and compounds debt.
• Misusing loan apps for lifestyle wants: Using high-interest money-loaning applications for non-essential purchases instead of urgent necessities.
• Evading debt obligations: Running away from lenders or reacting poorly when asked for repayments instead of communicating transparently.
Disclaimer: This is just an opinion. Please consult a professional for financial advice.
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