It's already your payday and it seems the money you are being paid isn't yours or all you worked for the whole while has gone to nothing, simply because before the actual payday, you indebted yourself in so many expenses, this situation can be a total mood turn off making you feel very bad and non-challant to your duties at work.

The scenario above is a sad truth to so many of us, especially salary earners, before the end of the month, they always discover that they have nothing left of the salary being paid to them talk more of having any savings, and the worst thing is the while circle repeats itself all over again every new month, no doubt, this is a financial crisis, having to spend all that you earn and probably falling into more debt before you are paid.

So how is it possible to overcome this bad financial habit of spending your earnings before earning?

1 Be a minimalist

Being a minimalist doesn't necessarily mean you are stingy to yourself, it means you are smart and know what you want for yourself, instead of spending on high-cost brands and other basic needs, like housing and clothing, why not minimize your cost lower than your earning, it will surprise you to know that some low-cost brand has the same quality if not more than some popular branded items, take your time when shopping next, read reviews of items and you will be glad you did, by slashing the cost and having something left for your savings.

2 Opportunity cost/scale of preference

We may want all things, but we don't need all things, making use of a scale of preference, by putting our most important needs above our wants, will help us decide why, when, and how to spend on our wants, instead of just spending impulsively.

3 Avoid falling into debt

A debtor will continue being a slave to its borrower, A lot of people are working tirelessly and sadly for years, trying to pay up a loan they have spent a long time ago, probably on even frivolities, if the money loaned was used to invest on assets, that is a good thing because you know you are not working in vain, but when it was spent on throwing a party or buying an expensive gadget that doesn't yield any income, then that is a very bad financial habit.

No one enjoys having to work for something that is already gone or would have any impact on us at the end of the day or "month", spending your earnings before actually earning is demoralizing, let us quit the bad financial habits today.

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