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Five Harmful Money Habits You Need to Break Immediately

Strive Thrive
Mr. Plan ₿ Publication
4 min readJan 1, 2025
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Quitting destructive money habits is often crucial to improving overall financial health. Many people struggle with significant student debt, limited assets, and only a modest amount of savings. However, by getting serious about wealth building, it’s entirely possible to pay off debt and substantially increase income within a few years.

One key insight that’s frequently overlooked is that no matter how much money someone makes, wealth remains out of reach if money is constantly “bleeding” away through poor spending habits. Too many individuals focus solely on progressing without addressing the root causes that led to financial hardships in the first place.

To foster better financial stability, it’s essential to give up destructive money habits. Doing so helps stop the metaphorical “money bucket” from leaking. Below are five particularly harmful habits that can hold anyone back — and should be quit as soon as possible.

1. Mindless shopping

Most people have a consumer mentality — they feel the need to spend money to have a good time. If boredom sets in and there’s an urge to buy something, go on a vacation, eat out, or attend a concert (anything that requires money), it indicates a consumer mentality.

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Mr. Plan ₿ Publication
Mr. Plan ₿ Publication

Published in Mr. Plan ₿ Publication

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Strive Thrive
Strive Thrive

Written by Strive Thrive

Passionate about self-improvement and financial education, I share insights and strategies to help you achieve your best self. Let's grow together!

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