After months of lockdown and social distancing as a result of COVID–19, consumers have been forced to shop differently. We’ve turned to remote working and learning, virtual happy hours with friends and family, online shopping and digital fitness apps just to stay sane. This situation causes us form a new habit such as bad spending habit just because want to stay sane.
The new habits formed during this pandemic in 2020 will go far beyond if you don’t stop now. Here are three bad spending habits that need to be avoided by students.
- Mindless Online Shopping
Please don’t shop while you are waiting for someone, anything or on public transportation. Please stop browsing Shoppee, Lazada or any e-commerce platform just because you are bored of waiting. This habit will drive you with a large bill at the end of the month. I pretty sure that you will buy something once you scrolling your hand phone even something small.
- Paying For Unused Subscriptions
I believed that you are bored stay at home during this pandemic Covid-19 due to MC) 2.0 has not ended yet. And just because you want to stay sane, you will subscribe anything that will bring you fun and joy. But please stop it right now! It will waste your money. Paying for subscriptions that you are no longer using can eat away at your bank account. Even if the monthly subscription is only a few dollars, it is a waste if you are not using it. Please cancel your subscriptions now. It will help you to save money.
- Spending Without Budget
This process can seem excessive, but many people especially students forget to account for all expenses. A few dollars here and there can really add up over the course of a month. So, please plan your spending and put limit.
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