10 Financial Mistakes That Can Make You Poor

Many people around the world find themselves struggling with debt on a daily basis. The recession has shed light on how poorly many people manage their finances. Debt, decreased savings and increased expenditures are some of the pitfalls that can seriously derail your finances. Avoiding these mistakes can make a huge difference in terms of financial

security

. It’s true that, when it comes to money, we all make mistakes. Our personal finance lessons are often learned through experience. However, it is important to realize the mistake and prevent it from happening again. Here we have gathered 10 of the most common mistakes made in personal finances; avoiding these errors can help you build financial security.This is the cornerstone of personal finance, regardless of your income or net worth. It doesn’t matter how much you earn, but if you live within your means, you can save money in long term. It is simple math: income < expenses = debt, while income > expenses = surplus. Although buying a couple of things here and there might not seem to have much significance, it can make a huge impact over time. Frivolous expense such as ordering out for lunch or dinner or going to movies at peak time can add up and drain your bank account. Ideally, you should save and invest a percentage of each paycheck or income source you have.One of the main reasons behind frivolous spending is not having set a budget. A monthly financial budget helps you calculate how much you are supposed to spend in the entire month. It is calculated by considering your total income, your fixed monthly expenses, debts and any other liabilities. Your monthly budget should also take into consideration the amount you should be saving for retirement or a rainy day. Once the monthly budget is set, you can spend accordingly.Most young people think that retirement is simply too far away, so they can think of retirement savings later on. Actually, people grossly underestimate the true cost of retirement, and when and how much they should start saving.

1. Crocs

2. Exposed underwear

3. Showing too much

4. The VPL

5. Harem pants

6. The wrong underwear

7. Style icon obsession

8. Ankle swingers

9. See through leggings

10. Wearing your gym kit everywhere

11. Sweans

12. Pulling your trews up too far

13. The curtain print

14. Fabric, so much fabric

15. Soggy bottom

16. Monochrome

17. Cut out

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The 21 Fashion Mistakes You've Got To Stop Making Share on Facebook Share on Twitter

© Getty Images When it comes to committing fashion crimes we're all guilty as charged, unless you're Rosie Huntington-Whiteley of course. It's near on impossible to get it right all of the time which is why we thought we'd lay it on the line with these top 21 fashion mistakes to avoid. Stat. Because let's face it, no one wants to be the girl in the see-through leggings. Dressing too small, trying to be someone you're not or stepping out with a camel toe, we've all been subject to these fashion blunders at least once and if you haven't, you're lying. Whether you've gone as mad as Miley or have just ventured into experimental dressing, know that's it's OK to make mistakes. It's how you learn from them that really counts. Oh yeah, we got deep. 1. Crocs "Wow, that's a nice pair of crocs," said no one ever. Point made? 2. Exposed underwear Where to start on underwear? It doesn't matter if it's a pair of peeking panties or a black bra strap, showing the world your négligée kinda defeats the object of it being underwear. And whilst we're on the subject, clear bra straps... WTF. 3. Showing too much Assets. We've all got them but that doesn't mean they have to be on full display all of the time. A cleavage that winds up under you chin is going to attract all of the wrong kinds of attention and if you get your legs out as well? More fool you. 4. The VPL You don't have to be Bridget Jones to have suffered with VPL syndrome. That's a visible panty line if you're wondering. It occurs when one's cheeks are intersected by the tight elastic of one's panties. Big knickers, Spanx, briefs... show them a tight trouser and they are the ultimate enemy. Our advice? Always check out your rear view before leaving the house and invest in a thong. Failing that you can always let your lady garden breathe for the day and go commando. Are you brave enough? 5. Harem pants There's nothing sexy about like looking like Aladdin in a nappy. Why oh why do we do it to ourselves? 6. The wrong underwear Remember when a black bra under a white top was fashionable? Yeah, that never actually happened - we 90s kids just thought it did. Accept it and move on. 7. Style icon obsession You know when you take a picture of a celebrity's hair into the salon and the stylist is looking at you as if to say, ain't no way I can make you look like that, well the same thing goes for fashion. Don't base your style on someone else, and definitely avoid all style advice from Pharrell. Jees. © Getty 8. Ankle swingers If the boy you're seeing is too small for you when you're in heels do you just carrying on dating him? No. You get a new one. Same rule applies with your trousers. If they're swinging up by your ankles someone will throw something at you. For sure. 9. See through leggings Oh does that say denier? I thought it said derrière and now you can see my butt. Don’t do it to yourself. And more importantly don’t do it to us because then we have to go through that whole, ‘Do we tell her you can see her bum cheeks or not?' dilemma? Toes. Curling. 10. Wearing your gym kit everywhere We don’t care how hot your butt looks in your tight yoga pants, lycra is not every day attire. Unless you're Jen Selter. 11. Sweans What do you get when you combine sweat pants (shudder) with jeans? Sweans. We might have known Miley Cyrus had something to do with this cross breeding garb. Dry your hair with them, dry your dog with them just don't go wearing them. 12. Pulling your trews up too far This one's a delicate subject and it makes our eyes water just thinking about it. It's the dreaded camel toe. As much as we can vouch for pulling your trousers up to hold in your love handles, it can't be at the expense of your nether regions. In Khloe Kardashian's words CTC: Cover the camel. 13. The curtain print Every girl loves a floral print but go too fussy and you run the risk of looking like granny's best uphostery. Not a good look. Unless you're auditioning for Mrs Doubtfire 2. 14. Fabric, so much fabric If there's a sure fire way to get fashion fat it's with folds and folds of fabric. Big Fat Gypsy Wedding eat your heart out. 15. Soggy bottom Is it just us or has everyone got a pair of jeans that give you a saggy, soggy bottom? Wear them more than once. Soggy bottom. Wash them. Soggy bottom. If only they kept their shape like they said they would... sigh. 16. Monochrome Ok, so it's not the worst fashion crime to commit but next time you're wearing head to toe black and white just make sure you're not carrying a note pad and a wine glass. Waitress alert. 17. Cut out Showing a little bit of skin isn't going to make headlines but when cut out becomes cut away that's when you've got serious problems on your hands. Like, grooming your private parts kinda problems. No one wants to see that! © Getty Images 18. Oversized 19. Too small 20. Immobility 21. Ill fitting shoes