Never do this: it will only make you poorer.

Money plays a significant role in everyone's life. It affects our appearance, the clothes we wear, the food we eat, and whether we can afford to take vacations. That's why each of us has at least once pondered how to earn more.

First and foremost, it's essential to stop spending money on things you can live without. Here are a few more tips compiled by "Telegraph."

• Buying expensive brand items with your last money. There's no need to try to impress anyone if it’s beyond your budget.
• You have only one source of income that doesn’t bring in much money. With this approach, it's unlikely that your financial situation will improve.
• Constant debt and the use of credit cards make you a hostage to the situation. Try to allocate your funds so that they cover all your needs.
• Lack of financial literacy. You don’t track your expenses and income, which is why you don’t understand why you’re short on funds.
• You’re not learning or acquiring new skills. This could be a reason why you’re unable to increase your income.

Recently, "Telegraph" discussed three traps of poverty that block success. There are specific actions that prevent you from reaching a new level.