5.Lack of budgeting and/or poor budgeting
You might be documenting everything. Then again, you might be missing the starting point a budget! Having a realistic and well-documented budget is the foundation of all your financial planning and success.
Make a budget and stick to it! I can say this from my own experience: it makes a huge difference in how you look at your money. In the absence of a budget, it is very easy to get carried away and commit unnecessary expenditures.
6.Being unclear of your needs, wants, and finances!
In order to save money and build wealth, it is of the utmost important that you absolutely care about the must-haves, good-to-haves, and not-to-haves! You need to prioritize your financial targets. If getting rich is a top priority for you, then you need to sacrifice some of your present pleasures, whether you like it or not.
Be clear about your goals and write them down. Review them at regular intervals to keep yourself on track.