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9 Bad Money Habits to Avoid in 2022
It’s no secret that we are what we repeatedly do and when it comes to money, our spending habits can be the differentiating factor between living paycheck to paycheck or financial wealth.
Bad money habits can cause a great deal of frustration and the consequences can be severe. Worst of all, they can set you light years back in achieving your goals.
On the flip side, building good money habits increases your chances of living in abundance and financial wealth. This new found wealth gives you the freedom to pursue all other interests.
The first step to breaking any bad money habit is to identify what these bad habits are. Once there is awareness, it’s easier to tackle each.
Below are 9 bad money habits to avoid in 2022 and beyond:
- Not tracking expenses
- Not saving and investing
- Not setting budgets
- Impulsive buying
- Over shopping (shopping when bored and shopping for status)
- Having generic money goals
- Overreliance on credit
- Not negotiating when possible
- Expensive vacations
Building and embracing good money habits sets you up for financial freedom. As you…
