Nip Bad Habits In The Bud
Bad habits spell bad news. They could lead you to serious financial problems. But you are not stuck with them. The first step in correcting bad habits is to recognize you have them. Only then can you actually do something about them. Here are some tell-tale signs:
- You are using your savings to pay off current bills; savings are savings, they should not be touched. Your bills should be paid for by your monthly income
- You are often late in paying bills or are paying them only after receiving the warning notice
- You have to take new loans to pay for your existing loans
- When you are out shopping, you buy things that you know you don’t really need
- You are borrowing money from friends and family members and at the end of each month, you find that you owe them more money than you can
- You begin to delay or defer your loan repayments
If you stick to your budget, you should not have to resort to any of the habits above. Not only will you have a clean bill of financial health, you will also be in a position to start planning for your future needs.
September 10th, 2008 at 11:22 pm
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