Leaky wallet syndrome (LWS) is a psychological mindset and disease that makes it impossible for individuals to hold on to money or build wealth. The minute they earn money, they find ways to spend it almost immediately. Income is not the problem in this syndrome, it is the spending habit. While they make a decent income, these individuals find it impossible to live below their means. Examples of classic symptoms (occurs in 90%) – They have difficulty having money leftover in their checking account at the end of every month, they have many past due bills, and they are unable to pay off their entire credit card balance each month. Leaky wallet syndrome does not only apply to individuals, but it can also apply to business or family too. In this case, it is called a leaky wallet epidemic. Here are 7 ways to cure yourself of te leaky wallet syndrome.
