Achieving financial security is everyone's dream— although not everyone knows exactly how to achieve it. Let‘s see if you’ve made these financial mistakes, and how to avoid them.

1. If You Think You Can Afford It, You Can't

This is a good philosophy to hold on to whenever you have the urge to shop for things you don't necessarily need. Self-reward is one thing, but putting your entire life saving on a wish list seems a bit too outrageous, don't you think?

Another principle to be applied when you find yourself contemplating on something you really want to buy: If you can buy it twice, get it. If you don't put it back on the shelf. 

2. Not Setting Up A Budget

There are tons of downloadable monthly, weekly, and even daily budget sheets you can find online to get you started. Don't undermine this practice! Noting down your expenses can give you a better view of how much you're actually spending on a time-to-time basis and you might be shocked at just reckless you've been with your finances. Think of it as an eye-opener practice to better handling of your hard-earned money. 

3. Shying Away from Investing

Nowadays, investing has been made incredibly easy, even for rookies. With the growth of many, beginner-friendly investment apps available to be downloaded straight into your phone, it's really no excuse to avoid investing. 

Here are a few top investment apps that you could start downloading, complete with a concise guide for each app. 

4. Not Having An Emergency Fund

Think of an emergency fund as your lifeline, or a friend that will always be there for you in times of (financial) needs. You'll never know when a difficulty will hit. It's best to always be prepared for the worst and stop wasting money on petty wants. 

So if you don't currently have one, this is your sign to set aside some savings for emergency purposes.

5. Pressuring Yourself Too Much

Lastly, do remember that not everyone is privileged enough to have financial stability. Don't feel bad if you're only just starting to build your own fund. Chasing for financial security is far from a race, so don't beat yourself up if you've only managed to save up a little.

You've got this.