Financial habits – easy come, not so easy to stick to
Saying you’re going to change your financial habits is easy – sticking to your new resolutions is harder. In the words of Mary Poppins: “No pie crust promises. Easily made, easily broken.” But building sensible financial habits into your daily routines is just about the most transformative way to change your attitude to money and begin building your wealth. You can make a start by implementing a household budget and keeping track of your money but changing the way you behave is the most positive thing you can do to secure your financial future.
Any habit – once it become ingrained – can either help or hinder us on our way to meeting our goals and changing the way that we are perceived by others. Bad habits that might hold you back include spending too much time on social media, smoking, overeating or talking over everybody else. Instead of focusing on these, try focusing on financial habits that will have a beneficial effect on your life, your finances and your stress levels.
Here are 10 financial habits that will change your life:
Oliver Jones has written for Solution Loans since 2015. His passion for personal finance comes through in the 150+ blog posts he's written since that time. His talent for explaining all things money means he's covered topics as diverse as...Read more about Oliver Jones