7. Not creating a budget
It really doesn’t matter how much you make a year, you need a budget. If you make a million dollars a year or just $20,000 if you spend 95% of that the amount you make is irrelevant when it comes to saving money.
A budget not only allows you to control your spending, but it will increase your financial awareness, so any wastage or improvements will be easier to see. Creating a budget will also make it easier for you to reach any financial goals you might want to set yourself.