It’s easy to earn money. It’s hard
to manage money. Having bad money habits make it more difficult to earn money.
Here are three examples of bad habits that would definitely drag down your
finances. Avoid these at all costs!
1. Not Budgeting
Without a budget, you don’t
have a financial plan. Sure, you could pay your bills monthly, but without
curbing other expenses, you prevent yourself from saving money. How to know if
you’ve spent enough? Make a budget.
2. Credit Card
Always manage your credit card
like your own bank account. It’s a bank account where your credit card limit is
your own money. List down how much you spend and make sure you pay them on time
to make them “free.”
3. Emergency Funds
You allocated money in your
emergency funds for the very purpose of having money during emergencies. Never
dip your hand inside your emergency funds because it would definitely develop
into a bad habit that you couldn’t shake off in the future.
