How to Change Bad Money Habits For The Better!

PennyGem’s Chloe Hurst explains why you could be robbing yourself in blind sight!

Transcript

00:00 We've all heard the term "hiding in plain sight" but have you heard of being robbed

00:07 in blind sight? Well, you have now and you might be doing it to yourself. Money Talks

00:12 News reports, "Counterproductive money habits can be detrimental to your financial

00:17 wealth." Here's how to let these bad habits die, hopefully not as hard, with these simple

00:22 tips.

00:23 If you're carrying a credit card balance, don't, because it's in your best interest

00:27 to avoid said interest. Devote every spare penny to getting rid of credit card debt and

00:33 hold yourself accountable to paying it off every month. This probably makes you need

00:37 an extra coffee but that too is failing you. Your $4 latte is killing your budget. Let's

00:44 say you have one $4 coffee per day, that's $20 per week and over $1,000 per year. Ask

00:51 yourself, how much do you really need the hit versus the grand in savings?

00:56 The balance says to stop impulse buying. Yes, it's been an emotional year but your unplanned

01:01 and likely unnecessary purchase won't save you from yourself, it'll only drain your

01:06 finances. Speaking of draining, the thought of saving for retirement probably intimidates

01:12 you but failing to fund a plan will only cause bigger problems eventually. Make the commitment

01:17 to change and hold yourself accountable.

01:20 (swoosh)