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11 things NOT to do with your money

February 19, 2008
6. Don't splurge more just because you got a hike

Most people have a habit of spending more and changing their lifestyle when they get a good hike or bonus. There is no harm in enjoying and have a good time. However, if you would like to save money, you must invest the additional amount to add to your savings.

You must always think about the long-term benefits.

7. Don't shop for unnecessary items

You must learn not to give in to temptations while on a shopping trip. It is important to make a list of things you would need for the month and stick to the list. While it is good to indulge yourself once in a while, you must always be careful about spending money on impulsive buying.

Many items may look attractive but soon you may end up not using it, thus wasting your money.

Indian sales personnel stand within a 'Reliance Trends' shop at the opening of Ambi Shopping Mall in Gurgaon. Photograph: Tauseef Mustafa/AFP/Getty Images
Also read: How to spend wisely. 4 tips

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