6 Money Habits You Need To Know To Avoid Debt

Here’s how

Photo by Mathieu Turle on Unsplash

“Money can’t buy happiness.”

Let’s be honest — it can buy a lot of things that bring happiness, like vacations, a cosy home, and maybe even the occasional avocado toast without guilt.

Money habits are the small, everyday actions that add up over time to make a big difference in your financial future.

Starting smart money habits in your 20s or 30s can set you up to live a more financially secure (and stress-free!) life.

Let’s dive into some of the best money habits to get into while you’re still young enough to laugh at the idea of “retirement funds” — or, even better, start one.

1. Master Budgeting: Your Money Habits Starting Point

Budgeting may sound like a boring chore, but it’s basically a road map for where you want your money to go. No one likes surprises at the end of the month when the bank balance says, “Nice try.” One of the best money habits is to create a realistic budget that accounts for all your expenses, savings goals, and the occasional splurge.

● Tip: Use apps that make budgeting as easy as scrolling through Instagram. There’s Mint, YNAB (You Need A Budget), and a bunch more that can show you exactly where your money is…