Halloween: 4 monsters that scare your finances
Posted: Sun Feb 02, 2025 5:08 am
Halloween, or the traditional “Witches’ Day”, celebrated on October 31st, has been gaining more and more followers all over the world. Taking advantage of the festive atmosphere in which haunted creatures come out onto the streets to scare people, the ABAC Blog spoke to an expert and identified 4 monsters that scare your finances . If you’re not careful, they can turn your life into a real horror movie!
Meet the Halloween monsters that scare your finances:
1. Credit Card Zombies
For financial management and behavioral finance specialist Naytre Brant , managing credit card spending is one of the biggest challenges for consumers.
The “credit card zombie” is that person who is a prisoner of their own usa whatsapp list pocket. They spend without thinking and turn their credit card bill into a debt graveyard.
“Remember: credit card credit is not an extra income, you will have to pay it off within a certain period of time. It can be an excellent ally in planning your expenses, but if used without caution, the bills can get out of control”, says Naytre.
2. Budget ghosts
Imagine you are walking in the woods on a dark night. Suddenly, you hear a noise and are paralyzed with fear, not knowing what to do. This is what the financial life of someone who doesn’t have a plan is like.
You're literally in the dark, not knowing where you're going. Budget ghosts make your money disappear without you realizing it.
To avoid surprises, one of the simplest ways is to get into the habit of recording your income and expenses, either in a spreadsheet or financial management app. This way, you will be aware of your expenses and the best way to adjust your finances.
Learn how to prepare a budget in the post below:
3. Loan Werewolves
Lack of control over loans can turn any peaceful person into a real beast. If you are not careful, the loan can become unpayable and this monster will haunt you for a long time.
“It is important to understand that a loan is not a villain. It can be a good solution for organizing your finances, however, it is a decision that must be made with planning, carefully evaluating all the advantages and disadvantages”, advises Naytre Brant.
4. Impulse Buying Witches
Irresistible as a magic spell cast by a witch, that's what impulse buying is.
To avoid falling into this witch's trap, you need to have well-defined priorities. “The promotion or supposed offer of unmissable prices should not be your main motivators for purchasing, but rather the real need to acquire a certain product or service, aligned with the favorable conditions for this action,” he pondered.
Want to know if you buy on impulse? Check out this post !
Trick or treat?
Whether it's Halloween or not, exterminating these monsters before they haunt your finances is the best way to go. Only then will you have a life with more sweets and less mischief!
And to follow this path in search of information that will change your personal finances, read the posts in our Financial Education section .
Meet the Halloween monsters that scare your finances:
1. Credit Card Zombies
For financial management and behavioral finance specialist Naytre Brant , managing credit card spending is one of the biggest challenges for consumers.
The “credit card zombie” is that person who is a prisoner of their own usa whatsapp list pocket. They spend without thinking and turn their credit card bill into a debt graveyard.
“Remember: credit card credit is not an extra income, you will have to pay it off within a certain period of time. It can be an excellent ally in planning your expenses, but if used without caution, the bills can get out of control”, says Naytre.
2. Budget ghosts
Imagine you are walking in the woods on a dark night. Suddenly, you hear a noise and are paralyzed with fear, not knowing what to do. This is what the financial life of someone who doesn’t have a plan is like.
You're literally in the dark, not knowing where you're going. Budget ghosts make your money disappear without you realizing it.
To avoid surprises, one of the simplest ways is to get into the habit of recording your income and expenses, either in a spreadsheet or financial management app. This way, you will be aware of your expenses and the best way to adjust your finances.
Learn how to prepare a budget in the post below:
3. Loan Werewolves
Lack of control over loans can turn any peaceful person into a real beast. If you are not careful, the loan can become unpayable and this monster will haunt you for a long time.
“It is important to understand that a loan is not a villain. It can be a good solution for organizing your finances, however, it is a decision that must be made with planning, carefully evaluating all the advantages and disadvantages”, advises Naytre Brant.
4. Impulse Buying Witches
Irresistible as a magic spell cast by a witch, that's what impulse buying is.
To avoid falling into this witch's trap, you need to have well-defined priorities. “The promotion or supposed offer of unmissable prices should not be your main motivators for purchasing, but rather the real need to acquire a certain product or service, aligned with the favorable conditions for this action,” he pondered.
Want to know if you buy on impulse? Check out this post !
Trick or treat?
Whether it's Halloween or not, exterminating these monsters before they haunt your finances is the best way to go. Only then will you have a life with more sweets and less mischief!
And to follow this path in search of information that will change your personal finances, read the posts in our Financial Education section .