These 9 Common Money Mistakes Are Eating Your Income

In a wave of recent layoffs, major corporations such as Amazon, Google, Microsoft, and Apple have terminated thousands of employees, creating an atmosphere of job insecurity. This situation is particularly concerning for those who are the sole earners in their families, as managing household expenses on a single salary has become precarious.

Many individuals find their entire income consumed by household expenses, and even those with salaries of Rs 1 lakh or more often end up with empty pockets by month’s end.

Chartered Accountant Nitin Kaushik has identified nine common mistakes that significantly drain earnings, which he shared on social media.

The first and most significant mistake is treating insurance as an investment. People often purchase endowment plans or whole life policies, e