10 MONEY HABITS
You need to develop To Turn Your Finances Around
=A THREAD BY WD=
You need to develop To Turn Your Finances Around
=A THREAD BY WD=
If you have ambitious money goals, the key is to have a collection of small everyday habits.
Taking small steps will improve your financial situation.
Here are some small habits you can develop:
Taking small steps will improve your financial situation.
Here are some small habits you can develop:
1. PLAN YOUR PURCHASES
Make a list of exactly what you want to buy, and how much you’re going to spend.
Make a list of exactly what you want to buy, and how much you’re going to spend.
2. LIVE ON LESS THAN YOU MAKE
If you want to have money, just don’t spend it all!
Overcome impatience and envy. You’re better than that.
If you want to have money, just don’t spend it all!
Overcome impatience and envy. You’re better than that.
3. SAVE YOUR BONUS CASH
You got a raise, had a fantastic month freelancing, take on a side gig, or net a work bonus, commit to putting away some of it.
You got a raise, had a fantastic month freelancing, take on a side gig, or net a work bonus, commit to putting away some of it.
4. BUY FOR VALUE
Always choose quality over quantity when you’re making purchases.
Each purchase you make is an investment.
Buy only if you need.
Always choose quality over quantity when you’re making purchases.
Each purchase you make is an investment.
Buy only if you need.
5. AVOID EMOTIONAL SPENDING
Today sales techniques revolve around getting people to buy things that they don't need or want but feel that they have to have at the moment.
Today sales techniques revolve around getting people to buy things that they don't need or want but feel that they have to have at the moment.
6. AVOID WATCHING COMMERCIALS
you are constantly being exposed to advertisements throughout the day.
Don't make this even worse by spending your time watching commercials that can have a negative impact on your spending habits
you are constantly being exposed to advertisements throughout the day.
Don't make this even worse by spending your time watching commercials that can have a negative impact on your spending habits
7. WAIT BEFORE BUYING YOUR WANTS
This rule is an effective way to control impulse spending.
Whenever you feel the urge to buy something that you don't need, stop and put the thought aside.
This rule is an effective way to control impulse spending.
Whenever you feel the urge to buy something that you don't need, stop and put the thought aside.
8. PLAN FOR YOUR RETIREMENT
Yes it may seem a long way away, the later you start planning for it, the more catching up you will have to do.
Start saving money at a young age so you can give it time to grow without having to make sacrifices in the future.
Yes it may seem a long way away, the later you start planning for it, the more catching up you will have to do.
Start saving money at a young age so you can give it time to grow without having to make sacrifices in the future.
9. KEEP READING ABOUT FINANCE
Utilizing stock market investing, investing for retirement, real estate investment, and many other forms of financial help you make your money grow.
Utilizing stock market investing, investing for retirement, real estate investment, and many other forms of financial help you make your money grow.
10. TRACK YOUR FINANCIAL PROGRESS
Every month set aside some time to see how much progress you have made on your money goals.
Every month set aside some time to see how much progress you have made on your money goals.
The success of your financial life, really just comes down to one thing: your money habits.
- Are they good or bad?
- Are they setting you up for success, or taking you down a bad financial road?
No matter what, there is always room for improvement.
- Are they good or bad?
- Are they setting you up for success, or taking you down a bad financial road?
No matter what, there is always room for improvement.
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