This is part 3 of Money Habits To Avoid. If you missed part 1 or 2, please search my blog post.
6. Keeping up with the Jones’ — There is always going to be someone with a nicer home, car, clothing, etc. That’s just life. Your budget cannot survive trying to keep up with others. This habit will send your budget off a cliff. You going to need to get comfortable with where you are and what you have.
- Ignoring Your Finances — I met some people who don’t open their mail, don’t answer the phone, and are totally oblivious to their finances. Ignoring your finances won’t make them go away, they will be there untilyou deal with them. In fact, you will owe more with added interest and additional charges. If this is you, take baby steps to get acquainted with your finances.
If you see yourself in any of these habits, the first step is awareness. Once you are aware, you can make the changes necessary to break the habit.