Stop These 15 Bad Money Habits To Make More Money

Discovered these habits recently when I was writing about last year’s activities. And these 15 points will shock you.

Photo by Alexander Mils on Unsplash

As we head into the new year, many of us are thinking about ways to improve our financial situation in 2023. One of the best ways to do this is by identifying and breaking bad money habits holding us back.

Here are 15 bad money habits to watch out for and how to stop them:

1. Impulse buying: We’ve all been guilty of this at some point — buying something we don’t need or can’t afford because it looked too good to pass up at the moment. To stop impulse buying, make a list of what you need before shopping and stick to it.
2. Not having a budget: Not having a budget makes it easy to overspend and lose track of where your money is going. To start a budget, list all of your income and expenses and make sure your expenses are less than your income.
3. Not saving enough: Even if you have a budget, you may not be saving enough for your future. To start saving more, set a savings goal and make a plan to reach it.
4. Not paying off credit card debt: Credit card debt can quickly add up and become overwhelming. To start paying off credit card debt, make a plan to…