The (original) Seven Deadly Sins focused on spiritual matters, but our Seven Spending Sins are more about material consequences. Avoid them and you’ll be better off in this world; if you end up being a better person as well, think of it as an added bonus.

While not the sole culprit behind our financial troubles, greed certainly accounts for more than its fair share. Think back to your last five financial mistakes and you’ll probably find (be honest) at least three that are down to greed.

Did you really need that big holiday / fancy stereo / new outfit? How much would you have in the bank by now if your house wasn’t full of CDs you never listen to, clothes you never wear, books you’ve never read…?

Whether struggling through a financial crisis or just looking for ways to stretch your pay packet, you’ll reach your goals much faster if you stop before every purchase and ask yourself: Is this a ‘need’ or a ‘want’?