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It can be easy to waste money.
According to aClever Real Estatesurvey, 74% of Americans admit to having an overspending problem.
At the same time, 55% admit to spending recklessly.
However, it doesnt have to be this way.
The first step to stop wasting money is to recognize your habits.
Here are three subtle ways you might be wasting money, according to Cruze and Nischa.
Also seefive things the wealthy never waste money on.
Keeping Your Head in the Sand
Nischas No.
1 indication that youre wasting money is keeping your head in the sand.
She explained that people may avoid talking about or dealing with money because its uncomfortable.
She explained that this is an important thing to discuss and was glad it made No.
1 on Nischas list.
While you might feel stressed out or overwhelmed about finances, avoidance can be dangerous.
Obsessively Comparing
Also on Nischas list is obsessively comparing ourselves to others.
Cruze explained that she completely agrees.
She said that people spend money even money they dont have to maintain a certain level of living.
Youre not letting your money circulate fast enough to generate even more money for you.
Despite earning little interest with holding capital, Cruze said she was in the middle on this point.
There is a part of having security and peace.
One option Nischa suggested was low-cost index funds.
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