When it comes to mastering your money, it’s all about habits. And breaking bad ones is just as important as establishing good ones.
You can’t get ahead by taking one step forward and two steps back. So are you ready to crush your financial goals? Break these seven bad money habits in 2022 to move forward with your finances.
You must learn to spend less than you earn. Nothing else matters without breaking this bad money habit.
Focus on saving three to six months of living expenses in your emergency fund. If you lose your job, your emergency fund allows time to find another one without risking financial disaster.
Your spending strategy cannot be based on your gut. To grow your wealth, you must track your spending.
– Write a grocery list and stick to it (no more spending money on fun snacks you don’t need). – Try meal prepping. Cook dinner with the intention of having leftovers.