How many times have you found yourself scrolling through your Facebook feed and seeing your high school batch mate's status update about her new car/designer bag/condo all the while thinking how you can't even make it until the next payday? If it happens far too often, then consider it a wake-up call. There are many reasons why you're not the one who's making all those status updates, and here are eight of them!

You spend too much money.
The truth: You live way beyond your means. Learn how to budget your money. Spend only for what you need, not what you want.

You don’t have a plan.
There’s a saying that goes "those who fail to plan, plan to fail." If you don't have a specific financial goal, say, P300,000 by the end of the year, you'll keep coming up with excuses to spend. Seek the help of a financial advisor to help you set and meet your goals.
Thinking ahead also changes the way you spend your salary. With money on your mind, you're less likely to spend frivolously.

You have bad habits.
Most people have bad spending habits that get in the way of a healthy savings account. One major culprit: retail therapy. Although retail therapy is said to reduce lingering sadness, constant shopping can also lead to overspending and even get you into a mountain of debt.

You keep swiping your credit card.
No cash, no worries? Not exactly. Having a credit card can come in handy at times, but it also makes you less aware about how much you're spending. If you have a credit card, remember to use it responsibly–make sure to pay on time.

You make impulse purchases.
Just because it’s on sale and it’s payday doesn't mean you have to buy it. Give yourself a few days before deciding to buy that cute crop top at Forever 21 or ask yourself if you’re buying it because you need it or just because you want it.

You hang out with the wrong crowd.
If your friends or colleagues often eat out in expensive restaurants or go out of town almost every other week, then it’s time to reconsider if their lifestyle fits yours, financially speaking.

You don’t have a savings account.
Still relying on your ATM account? No wonder you're having such a hard time saving. While having an ATM card makes it convenient for you to access your hard-earned cash, it also makes it, well, convenient for you to access your hard-earned cash! With a savings account, however, you can still withdraw your money should there be an emergeny sans the temptation of spending impulsively.

You complain instead of doing something about it.
You see your friend's Facebook posts and rant about your lack of funds, and yet you don't do anything about it. Whining will not get you anywhere. Start making a conscious effort to save now and your future self will thank you for it.


PHOTO: Gossip Girl/CW Television Network (2007); GIFS: Giphy

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