What Habits Most Affect Your Money?

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When it comes to habits, most of us--well, perhaps not the Rebels--have habits that we'd like to add or drop.

A few weeks ago, I asked the question: What habits most affect your spiritual life and work life? The answers were fascinating.Now I have a follow-up question: What habits most affect your financial life?

For instance, do you...
  • Use an automatic savings plan (what I call an "invisible habit")
  • Use cash instead of credit cards--Andy Warhol, who enjoyed the experience of spending, remarked on this distinction: "I don't like charging. It feels more like buying if you pay with money." For most people, using cash makes it harder to spend (in a good way).
  • Spend hours every day on online shopping
  • Shop only from a list, so you're not tempted to make impulse purchases you'll later regret
  • Keep a careful record of everything you spend

Those are some examples, to help prompt your thinking.

Some people need habits to help them keep from spending. I, as an under-buyer, need habits to help me spend. I remind myself, "If I need it, buy it now." Otherwise I just keep putting off purchases, even when it causes me a lot of inconvenience.

How do habits, both good and bad, affect your financial situation?
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