To help avoid financial instability, I want to share some habits that may be hindering us.
1. Firstly, overspending - spending more than you earn can lead to debt and financial instability.
2. Not budgeting - failure to create and adhere to a budget can result in poor financial decision-making and overspending.
3. Impulse buying - purchasing spontaneously without considering their necessity or impact on your budget can quickly drain your finances.
4. Neglecting savings - not regularly saving money can hinder your financial security and growth. To tackle this issue, I'm hosting a savings challenge from September to January. If you're interested, CLICK HERE.
5. No financial goals - lacking clear financial goals makes it difficult to stay motivated and focused on improving your financial situation.
6. Ignoring debt - ignoring or only making minimum payments on high-interest debts can lead to a cycle of debt that's hard to escape.
7. Lastly, keeping up with others - trying to maintain a lifestyle to impress others, even when you can't afford it, can lead to financial hardship.
There are many other habits that may be holding you back, but I'll stop here for now. If you found this helpful, please share it on Instagram story and tag me @personalfinancegirl. Alternatively, you can share it with your friends or have them sign up for the mailing list.
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