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Far too many people make bad financial habit decisions.
Good spending habits can put more money in your pocket and make your life a lot easier. It is okay to make financial mistakes. What is not acceptable is allowing those mistakes to turn into ongoing bad habits, that can sink you deeply into a debt that is hard to recover from.
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11 11 BAD BAD Financial Financial Habits With Tips for Monetary Success and Stability Habits
Good spending habits can put more money more money in your pocket and make your life a lot easier.
It's okay to make financial mistakes financial mistakes.
What is not acceptable is allowing those mistakes to turn into ongoing bad ongoing bad habits habits.
Remember & Correct these 11 Bad 11 Bad Financial Financial Habits Habits that could get you in deep debt and trouble.
1 1 Overspending With Credit
1 1 Overspending With Credit Never purchase something on a credit card that will take longer than three months to pay off.
Create a savings account that you use specifically to make purchases that you would normally make with a credit card.
2 2 Neglecting A Monthly Budget
2 2 Neglecting A Monthly Budget You will find that most people who do not use a monthly budget are also the same people drowning in debt.
A budget can be something as simple as listing all of your bills and expenses on a piece of paper each month and then scheduling payments based on your monthly paychecks.
3 3 Impulse Buying
3 3 Impulse Buying Most people do not track their impulse spending and the results can be hundreds of dollars being carelessly spent.
Plan each shopping trip and only buy what you need. Only bring with you the cash you would need to make planned purchases.
Overspending On Monthly Expenses 4 4 It is easy to allow your expenses to get out of control, so make sure that you are only buying the essentials.
Track all of your spending for one month and take a hard look at daily indulgences.
Missing Monthly Credit Card Payments 5 5 Every time you miss a credit card payment, the creditor adds a late fee to your payment and increases your interest rate.
That increased interest rate is also applied to the late fee, which causes you to lose even more money.
Neglecting Long-Term Planning 6 6 Stop treating retirement like an afterthought.
Talk about your retirement with a certified professional and make long-term plans that make sense.
No Contingency Planning 7 7 Many people get into credit trouble because they are unprepared and rely on their credit cards to get them out of trouble.
Start a savings account that is specifically set aside for emergencies.
Not Planning For The Future 8 8 Many people make changes to their lives without any type of financial planning to go along with those changes.
Take advantage of the years you have to set aside as much money as possible.
9 9 Redundant Spending
9 9 Redundant Spending Redundant spending is a matter of not making the right choices with the products and services you buy.
Before you purchase a product or service, think about whether or not you already have a product that can do the same tasks and save yourself the money.
10 10 Not Taking Advantage of Better Pricing
10 10 Not Taking Advantage of Better Pricing Instead of buying a brand new product, consider buying something reconditioned or used.
Check with your retailer to see if you can trade in your old product and get a discount on a new purchase and always take advantage of discount coupons when possible.
11 11 Neglecting Product Maintenance
11 11 Neglecting Product Maintenance Simple product maintenance procedures can save you a lot of money on repair and replacement costs.
Invest in regular oil changes for your car and furnace maintenance to save money on the long run.
When you understand the steps you can take to keep your finances under control, then you can avoid debt and the stress that it creates.
Ready to protect your financial future with good habits?
Then grab your Then grab your FREE FREE copy of copy of 77 Good 77 Good Habits to Habits to Live a Live a Better Life! Better Life!
Then grab your Then grab your FREE FREE copy of copy of 77 Good 77 Good Habits to Habits to Live a Live a Better Life! Better Life! Click to access! Click to access!
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