#3: Watching TV

A survey conducted by Nielsen shows that lower income households in the United States tend to watch television more often.On the other hand, two-thirds of the wealthy do not watch television at all.

If you are watching dramas in your spare time just to exhaust your video-streaming subscription, you may want to reconsider that contract.Canceling an unnecessary subscription will save you both time and money.

#4: Too expensive house

Would you like to invite your friends to a house party held in your special home? Consider whether the home is worth the investment.

Home loans beyond one’s ability to pay will be a heavy burden on the household budget. Warren Buffett, known as the “God of Investing,” still lives in the house he bought in the 1950s for about $30,000.

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