9 bad money habits you should break right now

9 bad money habits you should break right now

The first step to developing effective financial habits is to break out of the bad ones.

Here are 9 unhealthy money habits to break right now.

1. Avoid wasting money in interest on your credit card. Be sure to pay your balance in full every month.

2. Shopping due to boredom is a terrible financial habit that racks up debt if you’re not careful.

3. Impulsive buying will add up quickly and cause you to run out of money fast.

4.If you buy things to impress other people, that is your sign to stop.

5. If you don’t have specific savings goals, you're not saving much which can put you in a financial crisis in the event of an emergency.

6. If you’re not budgeting your expenses, get started now.

7. If you’re spending before saving money, stop now.

8. If you don’t have an emergency fund, create one now.

9. Stop overdrawing your account and wasting money on overdraft fees.