There are many habits that I hope to get rid of soon. Learnvest had an article about it the other day.
Here are habits you need to kick, immediately!
- Tanning. Tanning in expensive and will most likely lead to problems as you get older. Be happy with your color that you have!
- I used to tan all the time (I was never orange), but then recently I started getting weird skin problems, and I was told it was due to tanning and that I need to stop. I have saved a lot of money since I stopped. I have gone spray tanning though. I look like I’m dead if I don’t have some sort of tan, so I am guilty of this.
- Having credit cards with high limits (and maxing out these limits) but not making enough money.
- My credit cards ( I have 2 now) have low limits. I have never carried a balance, so I’m assuming credit card companies don’t like me because they’re losing money on me. I’m not guilty of this. Thankfully!
- Smoking. This is expensive. And deathly.
- I don’t smoke. I never have. My dad passed away partly from lung cancer, so this is my reason. The BF smokes, but he’s more or a social smoker. I wish he didn’t though. Not guilty.
- Shopping. Shopping purely for labels and not quality or what you need.
- I used to be guilty of this. When I managed a retail store, it was all about who had the nicest Sevens or the best purse, but now I don’t really care. I’m more about quality and classic items that look nice.
- Expensive drinking.
- Drinking is expensive. I’m guilty of this. I need to quit the habit of going out multiple times a week.
- Depending on your significant other. Both of you should have equal say about your finances.
- I’m not guilty of this. I probably control the finances a little bit more than the BF, but it’s mainly because I’m better with numbers. I go over everything with him though.
- Not having a budget.
- We didn’t have a budget for quite some time, but this has changed. Not having a budget can wreck you very quickly, so it’s best to have one. Not guilty!
What do you do that you need to stop?
good advice here. PLEASE don't tan! It causes cancer, and skin cancer is a horrible difiguring way to die (I used to work in palliative care) it's just not worth it.
Love this advice! I so need to work on my shopping and the budget thing. I keep one in my head but that allows me to cheat. I need to put it all in an Excel spreadsheet so I can see where I'm wasting my money at!
Sarah @ 90 Percent B says
Shopping and keeping to a budget… my weaknesses!
Great post! The only "habit" I'm "guilty" of is depending on my husband financially, but I think it's different when you're married with 4 kids. I also do all the budgeting & savings, so I just need his paychecks then I'm quite capable running the show. 😉 lol!
Ps – I have a friend who tans regularly, my age and looks a good 10 years older… SO not worth it!!
My husband and I haven't been very good with having a budget, but we just hired a financial advisor that put one together for us and I think that will be very helpful. We do spend a lot of money drinking while out, but it is budgeted into our entertainment expenses – I think the most important thing is to not spend more than budgeted so we will have to track on that and see I think.
Newlyweds on a Budge says
I love this list!! Although I will say that when we got married, I called all our credit cars to up our limits. We've never had to max out our credit card, and we pay everything off in full, except for one pesky little card which will be paid off in the spring (it has 0% interest right now) but it looks really good to have a low debt, high credit balance.
I am only guilty of shopping! But I track all my expenses and pay myself first so it's almost guilt-free.Question though – I don't think it's bad to have high limits on your credit cards if you don't use them. I have really high limits but never put more than my daily living expenses that I already budgeted on it. I thought it actually helps improve your credit?
I like this post! I am innocent in all counts! [gets down from high box and sits back down on chair]Ok, maybe I am guilty of the high-credit card limit. Though I, in theory, make enough to support them, and I didn't quite start them or use them, maybe I am just partially guilty.
Michelle P says
Good point that some of you said. I should fix that in my post. High limits but not using it does actually help your credit. I will be re-wording my post. Thanks! 🙂
Mr. Taylor and his L says
i've definitely been working on my shopping habit ever since getting married and never having enough money. that definitely can cure it, haxo TJ
With regard to #2, it's worth pointing out that just because you don't carry a balance doesn't mean that credit card companies are losing money on you. Every time you swipe your card the merchant has to pay a fee. Rest assured that the credit card companies are able to make enough money off of your card just from your purchases to offset any rewards programs regardless of your whatever balance you do or don't carry. Interest payments and fees are kind of their cash cow, but they can operate without them.(In fact, debit fees charged to merchants have been slowly increasing to rise to the level of credit card fees, which led to Congress passing a new regulation limiting the fees that could be charged to merchants for debit transactions, and that was the reason BoA and other banks were recently talking about charging consumers to use their debit cards.)
giving up tanning and the expensive drinking is definitely something I need to work on once I graduate! But i guess for one more semester, I can get away with it? Thanks for the follow 🙂
i am guilty of #5 and #7! i guess two out of seven isnt too bad, right? haha. hope youre well <3xx jamie
I'm only guilty of shopping!!! Phew, glad I got that one off my chest ; )
Michelle P says
Yeah I know tanning is so bad! I wish I didn't look deathly, I need a new skin care routine, and maybe my skin will look better when it's not so tan.@Penny, I was exaggerating, but I'm pretty sure they're losing money on me anyways because I read that it cost around $400 to maintain a credit card account (for the actual company) and They definitely don't get enough in fees from the purchases that I make from my low limit card since fees are usually around 4%.@Elena, it's hard! Trust me. 🙂
My guilty pleasure was eating out. We love to eat out, but we've cut back a lot and it's saving us a ton!
these are def ones to kick! nice post!xx Hot Pink Day Shop Blue Vanilla
Anytime I see someone buy a carton of cigarettes I cringe…$50 for something bad for you…INSANE!!!!!♥ Shia
Hi Michelle! I am currently reading your blog from its beginning trying to reach current and I came across this post. I love it! Is it ok if I link back to it and re-cover this material? Thanks!
Michelle S. says
Yes, please link back to it! 🙂