Cut These Habits Loose ASAP
Does it feel like you're constantly dealing with financial struggle? It could be a result of poor habits you've developed without even realizing it. Cutting these habits loose is a priority that will set you on the path to improving your financial future and reducing your overall stress.
No matter how difficult it may seem, it's entirely within likelihood that you can accomplish your financial goals. Of course, it begins with setting financial goals for begin with, and deciding that you aren't satisfied with where you're currently at. Do you feel financially comfortable? Many people can't answer this question with a simple yes or no.
When you've got a plan and decide to stick to it, it's much easier to get things done than when you settle for just winging it. Here are some terrible habits that may be the reason you're up at night. After reading this article, you'll walk away with a better understanding of how to approach your finances.
Your Emergency Fund Isn't Adequate
When it comes to preventing financial disaster, there isn't a better option than an emergency fund covering 3 months of expenses at the minimum. That's total living expenses and then some. If not, short periods of unemployment or even one single bill can devastate your finances. It's only a matter of time.
Take the time to set aside the dollar amount that will work for you at first. You can then start building upon that. Even if it's only a few bucks, that's a start.
You Habitually Pay Your Bills Late
A lot of people think that credit companies make the bulk of their money from those high-interest rates. Wrong. It's the late fees: if you're late on a bill, it will become more expensive every day. Start the habit of paying the bills coming the soonest, and pay them 7 days in advance at the least.