Worst habits when spending money

Nobody’s perfect and life can be hard, but all cliches aside, in order to make life a bit easier and more perfect you should start looking to get your money in order. If getting your personal spending under control bewilders you, start with concentrating on these areas to get you on the right track.

Not tracking spending

The best place to start is tracking spending. It’s a good idea to track everything. You don’t have to go at it alone. Download a personal finance app like Level Money or Mint that tracks your spending and crafts budgets for you. The app market is full of apps to help you tackle tracking spending.

Not working within a budget

Unless it’s budgeted for, don’t spend $5,000 on donuts. Please.

In the short run, it does not seem that a few chipotle burritos and frappuccinos will hurt your wallet. Over time, those expenses add up and can strain your resources. Take some time at the beginning of each month to create a budget that accounts for your invariable expenses such as bills and transportation then factor in the nonessentials and impulse purchases. If you can't live without the burrito or frappuccino, make a budget for those items!

Buying things you don’t want or need

Impulse purchases can seriously get in the way of you building a secure financial future of your making. Before you buy something nonessential, ask yourself important questions like:

-Is this straining my budget?

-Will I use it a lot, or will I use it once to take a cool Instagram photo and then forget about it?

In order to master the art of spending money efficiently, you have to know yourself. Know what is important to you and what you can live without. Figure out when your impulse control is weak and when it is strong. Know yourself and keep your eye on the prize because at the end of the day having a handle on your money is anything but cliche.