Bad Money Habits
Bad Money Habits
If you’re like me, you probably have some bad money habits. It’s not something I typically like to brag about at dinner parties, but I’ll be the first to admit I need to make some changes- and quick!
The first thing I’m guilty of is not paying close attention. I rarely, if ever, actually read my bills. I look at the payment amount and when it’s due. Then, I toss it into a drawer in my kitchen.
Here’s why that’s bad: I could be getting over charged for things and not even know it! There’s not more aggravating then giving away your hard earned money.
The second bad habit I have is not planning ahead. Although I have a small amount of money set aside, I have no plan for retirement or emergency fund.
Here’s why that’s bad: Not having sufficient savings can land you in a cycle of debt- even forcing you to turn to costly personal loans or a cash advance. The interest on those types of loans is extremely high and costing you hundreds or even thousands of dollars in fees.
Learn from my mistakes, pay closer attention to your bills and start saving today. Because, when the time comes, you’ll really be grateful you did.