We often discuss the things we should be doing to gain financial stability. Avoiding impulse purchases, creating and sticking to a budget, using credit cards wisely and maximizing bargain shopping are a few strategies we can implement to help us gain a more secure financial footing.
What we talk less about — and hear less about — is what we should avoid doing. In this case, it doesn’t just involve paying full price on items you can get on a discount with a little research and patience. There’s more to getting a leg up than thrift store shopping and coupon clipping.
In many ways, it’s about remaining focused on your financial goals and diligently pursuing them. The Simple Dollar offers Eleven Things You Can Do Today to Fall Behind Financially.
Where do you want to be in five years? If you’re not bothering to think about it, you’re going to be in the same place you are right now in five years – or in a worse place.
Waste time. Make unnecessary purchases. Put off making changes that will positively impact your finances, like shopping for less expensive insurance, getting a will or even changing your cellphone plan. All of these will move you in the wrong direction.
What other missteps can set back your financial goals? What have you done — or not done — that has taken you off track or delayed your progress?
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