The biggest purchases you are likely to make in your life. Although your personal finances depend on your income, it is your expenses that are impoverishing you without realizing it. Why? This is because when we talk about personal finances, we usually focus on how much we earn, and not on what we spend.

Do not think that your current situation is due to the little you earn, but to how badly you invest what you have. Here you have expenses that once eliminated or modified, will forever change your personal finances; but if you ignore them, they will continue to impoverish you, and the worst thing is that you do not even realize:

Television cable

How many TV channels do you see often 3, 5 … maximum 10? What do you need than 120 channels, movie packages, and how much benefit do they offer you extra? Check your bill and see if you are consuming this service to the maximum, in case it is not, adjust it or delete it.

Bank commissions

Did you know that every time you withdraw money at the bank’s ATMs they are charging you a commission? Did you know that each bank withdrawal you make in check has an additional cost? Or did you know that sometimes, by paying with your credit card, you save some taxes on consumption?

Extended guarantees

These guarantees are those that you offer when you buy products, usually technology, and that protects you additionally. While it is important to take care of your purchases, there are some extended warranties that are not simply a waste of money.

Rent

We are not saying that you stop paying rent or that you live on the street. The only question is whether that luxurious apartment in the most exclusive and expensive sector of your city is worth it.

Fast food

Fast food, restaurants, and office lunches are enjoyed more, the fewer times they repeat themselves. If every 8 days you are eating hamburgers, pizzas, and Chinese food on the street you are not only doing away with your finances, you are ending your physical health.

Life insurance

There is nothing wrong with life insurance; in fact, they serve to protect the future of your family members. The problem is with the type of life insurance you are paying. Regardless of which you are going to choose, remember that their value will depend on your age, the risks you assume and other factors such as your health and family.

Lottery tickets

The fact that you play the lottery is not only impoverishing you, it also shows that you are not in control of your projects. Why? because you wait, miraculously, to be a millionaire. You are not doing anything about it to get it beyond buying a ticket and waiting for your luck and a few numbers to do the work. Are you of what you think the only way to get rich is buying the lottery, and if you do not buy it, you can never do it? How sad can be the fact that your wealth depends on a lottery, and not your actions and decisions? In short, buying the lottery is not only taking your money, drawing lots, but it reflects your lack of a millionaire mentality.