Bad Money Habits: Why You Will Always Be Poor

Understand this:

It’s very easy to fall into bad habits, especially when it comes to money. Bad money habits are so prominent that it’s a cliche at this point.

You like to spend, and you like to save, but you’ve never managed to quite find the right balance between the two.

And because of this, you start out by having one bad week with your finances, and you’re not looking forward to having no cash on your side come the weekend!

So it’s clear you need a bit of help to recover from that one week alone. But, you just never do it seems.

It probably looks like this. Maybe you just overspent on Monday. Maybe you took a day off last week and didn’t get as big a paycheck this week. Or maybe math was just never your strong suit at school.

Rinse and repeat.

Whatever the cause, make sure these bad money habits don’t continue with these tips below.

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Store Your Spare Change

If you’ve been having a bad financial week, there’s a good chance spare change is all you’ve got on your side now.

But this could be the perfect chance for you to simply pop all of it into a piggy bank and keep it safe; spare change always adds up when you need it.

So if you’ve got a few fivers laying around, stuff them through the slot and don’t open until it’s a bona fide emergency!

This way, even if you have another bad week with your money, you’ll have your past self looking out for you with a few dollar bills and pennies that can buy you some food for the rest of the week.

It’s a small solution, but it pays off. And it begins to help cure your bad money habits.

Talk To Someone

And make sure it’s someone who can actually offer you some constructive advice, instead of just a shoulder to vent on.

So put down the phone to your mother and pick up the keyboard for your computer. After all, posts on how to find a financial advisor are just a few clicks away!

Sure, maybe it’s just one bad week here or there in the beginning. But there’s a good chance it’s going to happen again, and again, and again, until it forms into good money habits and you have no idea how it got so bad.

That’s why you need to talk to someone as serious as a financial advisor, to make sure you’ve got a plan of action on your side.

That way, you at least know the areas of your financial life where you’re going wrong and you can begin changing money habits.

How To Break Bad Money Habits

As mentioned above, habits form easily in humans. And bad money habits seem to form that much easier.

So all in all, the main thing to do when you have a bad week is to spot what went wrong and ensure it doesn’t happen again.

Being able to determine what the problem is with your money, and how you can tackle it to keep it from affecting you, is the best strength to have on your side when it comes to saving up for your future.

Bad financial weeks don’t need to happen for ever. You can tackle them now by getting control of your bad money habits.

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Head over to RunTheMoney.com/Subscribe and get our cheat sheet of 20 Ways To Make More Money With Side Hustles. Plus, you’ll get free money hacks and other tips sent your way each month.

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