7 Expensive Habits That Keep You Poor

Have you ever checked your bank balance and wondered where all your money went? If this sounds like you then more likely than not you are practicing money habits that will keep you poor forever therefore, in this article, I will share with you 7 expensive habits that will keep you poor forever!

Habit #1: Spending more as you make more

Let’s face it, spending money is fun. In fact, there is scientific evidence to support this phenomenon. When you’re considering buying something, your brain releases dopamine. Dopamine is a chemical produced by our brains that plays a starring role in motivating behavior. It gets released when we take a bite of delicious food, when we have sex, after we exercise, and when we spend money. In an evolutionary context, it rewards us for beneficial behaviors and motivates us to repeat them. This is why humans have such a hard time resisting spending and often this spending is only curbed when all funds have been depleted and credit cards have been maxed out.

However, when people come into money, this problem perpetuates. Maybe you got a bonus at work or a promotion. These increases in income trigger our inclination to spend as we continue to chase that dopamine high. But it’s not just the dopamine high that makes us open our wallets and spend. We also feel an intense need to…