We all pick up bad habits.
If we keep those bad habits long enough, they become normalized.
It feels normal to drink too much, eat too much, spend too much.
Over time, a lot of us have normalized some bad financial habits.
These habits sort of creep up on us.
Before we know it, theyre part of our lives.
And they cost us money.
Month after month after month, our bad financial habits cost us money.
Here are six habits many of us have normalized, and heres what we all could be doing instead.
Having Credit Card Debt
Americans owe roughly $1 trillion on their credit cards.
Every month, you make payments toward your credit card debt.
But you never seem to make a dent.
Its because of those sky-high interest rates as much as 24% interest.
It can feel impossible to get ahead.
No Interest Til Almost 2027?
Thats 70%* lower than the average credit card interest rate.
And its the key to finally getting ahead.
If you have a credit score of at least 620, you could get up to $100,000.
And terms go up to 144 months.
Did you know?
Take two minutes to check online andsee if you could cut your credit card interest rate by 70%.
*Based on creditworthiness.
Spending More Than We Make
Its too easy to overspend.
There are too many temptations, especially with so many purchases available at a click of a button.
It requires a lot of discipline not to spend too much.
Weve got another way to help you stop overspending: Stop overpaying for things.
Thats what thisfree servicedoes.
Lets say youre shopping for a new TV, and you assume youve found the best price.
Heres when youll get a pop up letting you know if that exact TV is available elsewhere for cheaper.
If there are any available coupon codes, theyll also automatically be applied to your order.
In the last year, this has saved people $160 million.
you’re able to get started in just a few clicks tosee if youre overpaying online.
Investing Is Too Scary.
Ooooohhh,investing, so scary.
Golly, it sounds sointimidating.
It doesnt have to be that way.
Whether youve got $5, $100 or $800 to spare, you might start investing withRobinhood.
Yeah, youve probably heard of Robinhood.
Plus, its super easy to use.
Just Guessing About Our Budget
Dont want to budget?
Try the budget for people who hate budgets.
The 50/30/20 method is one of the simplest ways to get your spending in check.
No 100-line spreadsheets or major lifestyle changes required.
Heres how it works: Take your total after-tax income each month, and divide it in half.
Thats your essentials budget (50%).
Never Changing Our Car Insurance
Heres the thing: your current car insurance company is probably overcharging you.
But dont waste your time hopping around to different insurance companies looking for a better deal.
Use awebsite called EverQuoteto see all your options at once.
Take a couple of minutes toanswer some questionsabout yourself and your driving record.
With this information, EverQuote will be able to give you the top recommendations for car insurance.
In just a few minutes, you could save up to $610 a year.
But with an app calledStash, it doesnt have to be.
If these companies profit, so can you.
2To note, SIPC coverage does not insure against the potential loss of market value.
For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
*Offer is subject to PromotionTerms and Conditions.
See Apple App Store and Google Play reviews.
Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
When it comes to bad habits, hes an expert, really a grand master of sorts.
It sounds appealing right?
Check it out here!
