5 Common Money Mistakes South Asians Make (And How to Avoid Them)

We work hard. We earn well. But still — we struggle with money.

Whether you're from Pakistan, India, or Bangladesh — or living abroad in the UAE, UK, USA, or Canada — many of us face the same financial problems.

Let’s fix that together. Here are 5 common money mistakes desis make, and how you can avoid them:


1. Relying Only on One Source of Income

Mistake: Depending fully on one salary.
  • What if you lose your job?
  • What if your company shuts down?

Solution: Build a second income:

  • Freelancing
  • Renting property
  • Online store or YouTube
  • Part-time skill-based work

2. Delaying Investments Due to Fear

Mistake: “What if I lose my money?” or “I’ll start saving later.”

Result?

  • Lost years
  • No compounding
  • No financial freedom

Solution: Start small.

  • SIPs in India or Mutual Funds in Pakistan
  • Digital gold, Naya Pakistan Certificates, FDs, etc.

3. Spending Too Much on Weddings & Family Pressure

Mistake: Overspending to impress others.
  • Rs.20 lakh weddings
  • Unnecessary dowry
  • Borrowing just for show

Solution: Live for your future — not for others.

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