Are Your Money Habits Helping You or Hurting You?
Most of us are creatures of habit. It’s human nature. Maybe it’s also human nature to not even realize just how much we do by habit.
But think about what you did yesterday. Chances are it’s pretty similar to what you did a week ago. You probably got up at the same time, took the same route to work, read the same web sites, etc.
Our financial lives are also full of habits. We buy the same types of things, shop at the same stores, use the same financial products and services, etc.
But are all these habits really what’s best for us?
Maybe, maybe not.
Consciously setting aside a little time to evaluate what you’re doing with your money can be beneficial.
Maybe the checking account you’ve paid a service charge on each month since college isn’t the best deal around anymore. Maybe the grocery store a half mile further down the road is 20% cheaper on average. Developing a few new habits could save you a bundle.
Then there are the money habits that lead to positive results. Maybe you’re humming right along with building wealth by having money automatically withdrawn from your check, or maybe you habitually compare prices when you grocery shop without really noticing. You could extend those types of habits to other areas (such as investing or making major purchases) and reap even greater rewards.
Take a little time to make sure that the things you do as a matter of course benefit you and your finances.