Life Kit: Money Financial habits to leave behind in 2025
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Dec 31, 2024 As 2025 approaches, it's time to shed some poor money habits. Bid farewell to impulse purchases and overwhelming credit card debt. Discover strategies to resist lifestyle creep and make mindful spending choices. Learn how to assess unnecessary subscriptions and tackle those pesky interest charges. Negotiation skills can also transform your financial interactions. Overall, it's about breaking bad habits to pave the way for a prosperous future!
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Impulse Buy Became A Turning Point
- Alicia Berman went into a store for gloves and bought a $600 coat she couldn't afford.
- She completed a year-long no-buy challenge and used savings to pay down significant debt.
Try A No-Buy Challenge
- Try a no-buy challenge and create a personalized yes/no list for allowed purchases.
- Use the pause to shop your own closet and redirect savings toward debt or goals.
Why Raises Often Disappear
- Lifestyle creep makes new income vanish into unnecessary obligations.
- The hedonic treadmill means upgrades often don't raise long-term happiness.