- Get link
- X
- Other Apps
Earning, saving, and growing money are difficult tasks. Regrettably, some habits, if unchecked, may keep you mired in a cycle of debt. Let's look at these patterns of behavior and how to get rid of them. What spending habits keep you in poverty? lack of financial restraint. low earning potential lack of discipline at job. lack of knowledge of finances. You don't make payments to yourself initially. Impulse purchasing. You're being influenced by poor folks. Your only source of income is selling your time for cash. Comparison of Good and Bad Financial Habits Your financial future is greatly influenced by your spending and saving habits. By gradually reducing your wealth, bad financial practices can keep you broke and lead to a cycle of instability in your finances. For instance, a lack of financial discipline can result in little to no savings and living paycheck to paycheck. Impulsive purchases may put you in debt, forcing you to make income-depleting interest payments. La...