Money Habits You Need to Implement Now to Get Ahead

If you are looking to build wealth in the future then you should start with some of these money habits below and incorporate it into your routine. When I first started this financial journey, the first thing I did was track how much I was spending so that I could see where every cent was going. It helped me create some adjustments to how I spend, save, and shop. After that first step, adding my blog into the mix helped me see the personal finance world in a new perspective.

To get a step ahead of where you are at now will require you to take on some new money habits.

Live within your means.

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Stop overspending. By doing so, you stop adding to your debt balance. If you don’t have the cash to pay for it, don’t buy it. Also, save what you can first and then spend what is leftover. This helps you build your savings, pay off debt, and stops you from overspending.

Don’t gamble your hard earned money.

We all wish for lady luck to be on our side but why gamble your hard earned money on random luck for a lottery? With the money spent on lottery tickets, I say put it towards investments like a Roth IRA. You create your own luck.

Read to increase your knowledge.

One of the best tips to learn about money habits from the wealthy is to read as much as you can. Reading increases your knowledge, thus making you more valuable. Although I don’t have the time to read actual books, I do make time to read other blog posts. I try to shoot for 5 blogs a day and to leave a comment for each one. So make good use of your reading time even if you have 30 minutes to spare in the day.

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  • You can read while you’re on the bus or if you’re a passenger in a vehicle on the way to work.
  • Driving? Listen to audiobooks.
  • You can also read during your lunch breaks

Spend less screen time.

If you really think about the amount of time you spend watching TV or mindlessly surfing the web, you’re losing money. This is the time you could be using to build your blog, read, work a side job or even network with other people who have the same interests as you. The point is to stop wasting your time and be more productive.

Create goals.

We all like to be dreamers and do a lot of wishful thinking.

Why not create those wishes into goals?

Think about it. If you set goals for yourself, you’ll most likely complete that goal. Wishful thinking gets you nowhere.

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Manage your time and avoid procrastination.

I hate to admit that I procrastinated a lot. But now that time is not on my side, I decided to take better control of my time. Managing your time can help lead you to better money habits.

I create a daily ‘to-do list’. If I don’t complete something, it gets added on to the next day. I also do the hardest items first.

To help me stay accountable with my daily tasks, I continue to be consistent with my blog and I continue to network with other like-minded people. This helps keep the motivation continuously rolling.

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Avoid the haters.

I’m pretty sure you have come across a hater or even a doubter in your lifetime. It might be your friends, your parents, your coworkers, and even neighbors. Don’t let their negativity get to you, they will only continue to bring you down. You want to find success, so you hang out with people who are finding success.

Get a mentor.

One of the best money habits you can ever come across is to find a mentor. Your mentor will teach you what to do and what not to do because they have gone through the experience themselves. They will help you grow and see you succeed.

Don’t give up!

No matter what negative thinking you may have about yourself on your finance journey, just stop. You know you can do it and you know you can accomplish it. Do you want to buy a house? You can do it! Do you want to be debt free without having to worry about your family’s financial future? You can definitely do it!  You will be successful with your goals if you stay focused, be persistent and have patience. And remember to never give up.

Do you have at least 2 of these money habits instilled into your daily routine?

 

 

Helpful Resources that I’d Like to Share:

Below you’ll find my top resources for blogging, saving money & more!

Blog Resources: Here is a list of tools that I personally use for my own blog. See all the courses I took to improve how I blog and the list of plugins that help keep my blog running smoothly.

Save Money on Groceries: This has been such a struggle for me since day 1 and I always go over budget with grocery shopping on certain weeks. But as long as I stick with my plan, I have my shopping list, and I leave the boyfriend home then I’ll be fine.

$5 Meal Plan: This has been such a time saver for me! This relates to my resource above on grocery shopping. I struggled with meal prepping because I just don’t have the time to spend looking for recipes. I decided to try this out because I have seen popular bloggers mention it and curiosity got the best of me. The system sends me recipes and a shopping list weekly. The recipes are so easy to cook and it helps me save time.

Personal Capital: Do you know what your net worth is currently? Instead of logging into many accounts to track my net worth, I rely on one service. Personal Capital tracks your investments, expenses, and savings. The best thing about this? It’s free!

Free Printables: I went a bit crazy and created a bunch of my own printables that I use for myself to help keep me organized. I also find some amazing printables online that I’d like to share with you. You access everything if you sign up below. I’ll send you the password and the library is yours to enjoy!

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Melanie

Hi! Welcome to Mommy Finance. I'm a full-time working mom of one. Finance can drive anyone crazy and I try to keep it together. Join me as I write about budgeting, money and family.
Join Me On

Hi! Welcome to Mommy Finance. I’m a full-time working mom of one. Finance can drive anyone crazy and I try to keep it together. Join me as I write about budgeting, money and family.




Comments (6)

    1. Thank you! I still have yet to read a finance book since I started my journey. I think I may try an audiobook but I don’t want to pay for another subscription lol. So far, reading others book reviews like that one you did really help see which books will interest me more 🙂

  1. Im not sure spending less screen time is happening after starting the blog lol. But everything else is spot on!

    1. Lol I agree! I do try to only do screen time when I know it doesn’t affect family time.

  2. Great money habits! I agree we all waste so much time watching TV. I cut cable and there’s no TV in our home, we spend a lot of time on the Internet instead. I don’t know how people can complain that they are ‘bored’ there’s so much to do all the time, like blogging, reading, learning etc.!

    1. Than you! Hmm I wonder if we could live without cable. Just like you, I’m mostly on the internet and our son is always on kids youtube lol. I would save $100 every month if we didn’t have it lol.

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