Sometimes we think we’re doing the right thing with our money, but some financial habits may actually be doing more harm than good. Here are some common toxic financial habits that you should resolve to break immediately if you want to get your finances on track.
Yes, your financial situation is important and financial planning is important, but they’re not worth sacrificing sleep. Here are some ways to help you stop losing sleep over your money:
It’s important to develop responsible spending habits early. Even though most people in their 20s are already in debt and their bad financial habits can be justified by youth or education (or both), you won’t get any sympathy for these bad habits and decisions when you reach the big 3-0.
Now that school is out for summer and teens are finding ways to make money, it’s important to teach your teenager how to use the cash he or she earns as carefully as possible. Whether you’ve experienced the worry of debt yourself, or you’ve been close to someone who’s been overwhelmed by financial worries, you should know just how important it is to develop good financial habits early.