Saturday, July 3, 2010

Habits that keep you broke

These were on Yahoo today:
1. Paying only the minimum on your credit card. (Surely this cannot come as a surprise to anyone.)
2. Buying a brand new car. While I theoretically agree with this, we buy new and drive them forever; my husband's previous vehicle lasted 14 years.
3. Smoking. Well, duh!
4. Keeping a drafty attic. Insulation is good. The most energy saving thing we have added to this house is the solar screens. They really do help keep the rooms cooler so the a/c runs less.
5. Ignoring your student debt. If you want to really go suicidal, figure out how much money you have paid out in interest on those loans. Same principal as #1.

I would add one more:
6. Short-term thinking. Not planning past the next paycheck. Set goals--what do you want to have accomplished in 10 years, 5 years, 1 year? What are steps are you taking to get there today?

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