Friday, October 8, 2010

Financial IQ: 6 Habits That Will Make You Broke

Simulated gravitational lensing (black hole go...Image via Wikipedia
Financial IQ Philippines Quick Hit(s):

This is an interesting article about money habits.  I do agree, though, that it takes discipline to instil good money management in each of us.


It's still a week until payday, but your checking account is almost empty already. Where did all your money go? We all have our black holes, those money pits that seem to magically make our cash disappear. Here are six bad habits that will make you broke, and how to break them:

1. Window Shopping
2. Carrying Lots of Cash 
3. Saving Your Info With Vendors 
4. Clipping Unneeded Coupons 
5. Shopping With Your Emotions 
6. Not Planning Ahead 

The Bottom Line
It takes some discipline to break these bad habits. With some planning, discipline and avoiding tempting situations, you can break these habits -- and maybe even find you'll have a little extra cash at the end of the month.


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