As I wrap-up my 4-part series on Healthy Money Habits, I would like to revisit the eight financial health habits I mentioned throughout the entire series.
The key to saving successfully is to save first, before bills and other expenses.
Helps to buffer the effects of financial setbacks and avoid debt.
Set aside a chunk of time to track any progress or setbacks of your finances and goals.
Keep up-to-date on what is going on in the financial world.
Pay off your credit card after every billing cycle to ensure this resource doesn’t become a distress.
Differentiate between a need and an unnecessary want.
As with maintaining an emergency fund, this habit helps to lessen the effects of life’s setbacks.
This is important at any age, but the sooner the better.
I hope you enjoyed my 4-part series on Healthy Money Habits, what was your favorite habit or tip takeaway? Tell us in the comments below. Thanks for reading Hills Helps!*Insurance and investment products are not a deposit, not FDIC insured, not insured by any federal government agency, carry no bank guarantee, and may go down in value.
View the complete 4-Part Healthy Money Habits Series:
• Part 1 – Pay Yourself First
• Part 2 – Avoiding Debt
• Part 3 – Insurance and Retirement
• Part 4 – Financial Maintenance
• Healthy Money Habits Series Wrap-Up