8 Financial Habits To Start Today That Can Actually Change Your Life

Tips to you who want to quit being financially unstable

Photo by Brennan Tolman from Pexels.

If your financial situation is unstable, this is a great time to start better habits for improving your financial situation.

3 years ago, I was financially lost. Always broke. Part-time job, large student loan, kids, house, and no savings. I didn’t believe I had what it took to change my situation. But I did, and so can you. By changing your financial habits, your life can actually change.

1. Make a budget

Make a budget for every income. A budget is a plan for how you will spend your money. It doesn’t have to be complicated.

I divide my income into four posts :

• Fixed expenses — insurance, cell phone, union, and down payment on the student loan.
• Living expenses — house expenses, groceries, clothes, expenses regarding the kids, and streaming.
• Short-term savings — Savings for specific purposes, such as Christmas, summer holidays, business, health costs, and savings for an emergency fund.
• Long-term savings — savings for the future, retirement, and my kids.

2. Emergency fund