. FAILING TO PLAN. Needs and wants are endless while income is limited. Sooner or later you will end up broke if you have no idea how to allocate your money to consumables, protection, saving and investment.

2. POSTPONING ACTION. The best time to start improving your financial status is now. Time is money. Wasted time is money lost.

3. NOT SAVING. As they say, "life happens". You can never accumulate wealth by spending all you earn. Unforeseen disasters could affect your means of earning more money.

4. GETTING DEEPER IN DEBT. If you are already in a hole, stop digging. Stop borrowing and start repaying your consumer debt. Don't make bad matters worse.

5. THROWING AWAY GOOD MONEY. Get-rich-quick schemes, gambling, buying unnecessary things is harmful to your financial health.

6. LIVING FOR TODAY.Not investing for retirement. A time will come when you will be too old or too sick to work. If you do not believe me, just wait.

7. POOR SHOPPING HABITS.What is the sense of cutting $1 coupons and shopping 3 stores for shoes yet you don't shop around for your house mortgage or car-loan? Why do you haggle over $10 discounts and forget to rescue thousands of dollars in high value items?

8. USING DEBT TO PAY FOR CONSUMABLES.Debt should not be used to pay for food, clothing, gas and movie tickets. I hope you get the idea. You will incur unnecessary high interest charges.

9. NOT KNOWING WHERE YOUR MONEY IS GOING.Most of the people cannot account for 20% of their spending. Small leaks can sink a big ship.

10.TRUSTING TOO MUCH IN YOUR ABILITIES. Researchers say that we over-estimate our financial abilities. Please accept you may need professional help and guidance. Do you blame fate, or the economy or even global warming or the end-of-time-culture for your miserable situation? You are in financial quicksand. Seek help immediately!