The Today Show reports that learning a new habit takes, on average, 66 days for the behavior to feel automatic. The actual time it takes to form that habit varies based on the person, the behavior and the circumstances. Since good habits lead to good results (especially with money), it’s important to get those positive routines in place as soon as possible so you can hit a home run with your financial goals in 2017!
It’s natural to think that boosting your income is how you win with money. After all, a larger paycheck never hurts. But you don’t necessarily need to earn more to start winning. In fact, learning good budget habits will make you feel like you got a raise. Once you know how to handle your money, there’s no stopping you!
Here are six money habits of successful budgeters and how you can put them into practice.
Once you make a budget, the next step to controlling your money usually involves making adjustments to your spending, saving, or debt-paying habits.
A good way to ease into the concept of change is to first create small habits that are simple to master. Getting your feet wet with a new routine paves the way for bigger money adjustments you might need to make.
Let’s look at five money habits that are easy to pick up.
Is this shirt clean? Where’s the coffee scoop? What should I pack for lunch? Do I need to stop and get gas before work? Did someone feed the dog?
Mornings! So little time, so much to do.
If you’re making a million decisions before you leave the house, you may be setting yourself up for a day of overspending. Why? It’s called decision fatigue. And it happens when you run around your house, making choice after choice until your head spins.
You hear it every January:
It’s a new year! Time to lose that holiday weight, become OCD over a clean house, raise perfect kids, and save money so you actually have some when you need it.
Reality hits around February. Why? You have a life outside of those resolutions, and change is hard.
So how do you make this year different? The secret to change is to create small good habits. Here’s some advice we have for creating new habits with money.
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