Are you tired of being broke? Things you’re doing that seem innocent may be leaving you broke. By breaking a few habits, you can save more money and feel better about your financial situation.
If you’re carrying more cash then you’ll need for the day, you’re carrying to much cash. When carrying cash, plan how much you’ll need for that day. Leave the rest of your cash at home or in the bank. If you carry more cash then you’ll need or are budgeted for, it’s easy to over spend buying things you don’t need or even want.
Clipping coupons is an excellent way to save some money. Clipping coupons becomes a way of keeping you broke when you clip and use coupons on products you would not normally buy or use. Often this item is left on your pantry shelf to spoil.
Not understanding why your shopping can leave you broke. While it’s true we all need things like food and clothing to live, there are times when shopping is not needed. If you are feeling very emotional and shopping to avoid dealing with those emotions, you could end up over spending. If you are shopping because you’re hungry, you could over spend thinking you need more then you really did. If it’s not your normal shopping day and you don’t have a list, then stay out of the stores.
Signing up for things or changing service plans because you want the free phone or other upgrade will leave you broke. If you’re service plan is working for you, avoid additional fees or a higher rate by passing up the allegedly free upgrade that isn’t really free.
Hidden Fees Costing You Money
Impulse buying is another habit that will leave you broke. If you’re tempted simply by walking past a display window or can’t go into a store without leaving without a purchase, then don’t put yourself in that position. Stay away from the malls or go with very limited cash and no credit cards. If you normally walk past stores on your way to the office or errands, choose another route until you’re in control of your impulse spending.
Online shopping can tempt you with great deals and big savings. Shopping online can keep you broke, when they make it so easy to just click and buy. Avoid this habit by not storing your information in their system. Aside from keeping you broke it can lead to identity theft. When you don’t store information with shopping websites, you’ll have to enter it every time you want to make a purchase. This should make you rethink your purchases to things you truly need.
Breaking a few habits will change your financial future.