6. Rein In Temptation
All those who swear by an economical and prudent way of life are by and large cautious of overspending. There are many ways you can be profligate or spend to excess; buying a limousine or a mansion in Malibu, or opting for a holiday in the Caribbean are all ways. You can even demonstrate your extravagance in so many other ways, like going for exorbitant home décor, setting up a swimming pool on the terrace, and more.
Of course, you can afford to be extravagant once in a while. However, if your squandering ways develop into a habit that you find hard to control, you could be on the brink of bankruptcy. You can rein in your spendthrift ways by convincing yourself that you can lead a comfortable life by staying within your means.