Three habits that keep you perpetually broke.

Inefficient money management today can be considered one of the most harmful habits. If you're tired of living paycheck to paycheck, it’s time to reassess your financial approach.

There are several mistakes that may leave you teetering on the brink of poverty. "Telegraph" will elaborate on these.

Not Tracking Your Expenses

Create a monthly budget. This will allow you to evaluate all your income and expenses in advance. Monitor the limits for each category in your personal finances. Don’t forget to account for mandatory payments: rent, loans, mortgage, and education expenses.

Using Credit Cards

An unlimited credit card creates a false sense of freedom. It’s easy to fall into this trap, especially when the urge to shop arises "just because." Try not to take your credit card when shopping, and learn to control your desires. Set daily or monthly spending limits.

Uncontrolled Purchases

Many people adopt the approach of "if I like it, I buy it." However, such impulsive purchases often lead to financial difficulties. Get into the habit of carefully considering whether you truly need a particular item or if it’s just a fleeting desire. Perhaps a new pair of shoes isn’t as essential for your happiness as you think.

To improve your financial situation, it's worth adopting beneficial financial habits. Previously, we discussed which steps lead to wealth and prosperity.