5 Bad Habits Finance needs to stop Before 2017

Bad habits are difficult to change. No exception about money. Starting from spending more money than you get, forget to pay bills, and other habits that make you spend extra money every year. As a result, you are so difficult to achieve financial goals like buying a home or investment.

saving the rich

But as difficult as quitting smoking, changing financial behavior is equally hard. The process of changing habits is to identify any bad habits that need to be changed and then start thinking about how to solve it. Here are five habits that must be stopped before the start of the year.

Autodebet

If you’re the type of person forgetful, for example, often forget to pay the electric bill, cable TV, and others, one solution is to autodebet. But do because everything is in-autodebet, you are so joined forget watching.

What if the debit is greater than the actual amount of the bill? Or what if for example you continue terdebet account, when you have unsubscribed a long time ago? This careless actions actually make you more wasteful not?

Paying credit card bills in the amount of minimum

Actually paying credit card bills in a minimum amount better than the delinquent bill. But if you pay the minimum each month, imagine how much interest to be paid?

The intention of using credit cards to save money because no promo even make the bill swell. As long as you have the money to pay it off, immediately pay the entire credit card bill.

Delay

Delaying is the main enemy of success. Likewise, if you want to achieve financial success. Postpone paying the bill, forgot to add investment, is a recipe for financial disaster. Especially if you delay retirement saving.

The more you delay, the more severe are also savings to be pursued if you want a prosperous retirement. If you are aged 20 or 30 years do not start saving now, you retire in a mediocre state. Or it could be a prosperous retirement but would have to save more in the current necessities of life more and more and more expensive.

Is tempting discounts

It’s hard to resist the temptation discounts. Moreover, if the discount sale in order to end the year, Eid sale, clearance sale, and christmas sale. Likewise, resist the temptation to buy one get one free, buy two get one free, and others.

Although impressed you skimp because it gets a lot of stuff at cheap prices, if it turns out you do not need the item, this is tantamount to waste. In reality, no matter how much the discount, you countless wasteful if buying stuff you do not need.

Using a credit card when pressed

What would you do if you need money in an emergency? Maybe borrow money to friends or family. But for those who have a credit card may be a credit card swipe.

In fact using a credit card in a state of urgency is not wise. Except if you can pay the bills immediately. If not, this is actually drag you into financial trouble.

One thing you have to remember, the credit card is not designed as an emergency fund. Because you are required to have an emergency fund of three to six months of income.

Is tempting discounts

It’s hard to resist the temptation discounts. Moreover, if the discount sale in order to end the year, Eid sale, clearance sale, and christmas sale. Likewise, resist the temptation to buy one get one free, buy two get one free, and others.

Although impressed you skimp because it gets a lot of stuff at cheap prices, if it turns out you do not need the item, this is tantamount to waste. In reality, no matter how much the discount, you countless wasteful if buying stuff you do not need.