We practice them without even realizing it. If you are having trouble saving money each month, or not as much as you would like, you probably have a few habits to change.
If you’d like to finally be able to save and build up some savings to give yourself what you really want, stick with us.
We will help you spot these bad financial habits so that you can get rid of them.
Buy without comparing
This is perhaps the most common bad financial habit in everyday life. Even when we are aware that it is better to compare before buying, we tend to forget.
Or we have assumed that it will take us too long.
However, it is not a question of comparing for hours, but only of doing it. Most of the time, it’s just a few extra minutes spent in the supermarket comparing new brands or a new format.
Unfortunately, we too often forget to compare and for convenience, we often leave with the products we are used to buying.
However, if we compare prices and test new brands or formats, we could achieve significant savings : from a few dozen euros per week to a few hundred euros per month.
For higher value purchases such as appliances, furniture, or electronic equipment, shopping around can save you often significant amounts of money.
It’s not just a matter of looking in the aisle of the same store, but of doing a little market research on the internet .
You can compare prices very quickly on sites like Amazon.
You will have a much more complete list of products available on the market.
Nothing prevents you, after finding the best price, to go to the store to see the product that interests you.
Always buy new
Many of us only buy new, when opportunities in certain areas can save you a lot of money .
Buying second-hand products doesn’t always mean old or less reliable.
You just need to choose your sources and the areas where you can buy second-hand to pay less.
Here are some acquisitions that are worth looking for first in the opportunity before embarking on the purchase of new:
• Home appliance
• Computer science
• Leather goods
• Two wheels
• Video games
• And even clothes.
Thinking that buying more is proof of quality
We often hear around us ” if you want quality, you have to pay a price “. It is a habit that many inherit without even thinking about its truthfulness. More expensive products are not necessarily of better quality.
Sometimes you pay more just to get a certain mark.
While the quality or functionality is the same as a much cheaper similar product.
It is a bad financial habit to think that the high price of a product is a guarantee of its quality.
This is the case for many products, even for cars.
As for luxury products, they do not enter this discussion because their category is not taken into consideration.
And this even if some people buy these products believing that their quality cannot be matched by an ordinary product.
Believe that discounts or sales don’t save much
Another bad habit is that of thinking that it’s not worth comparing anyway.
Look for discounts or take advantage of sales because the savings they generate are not significant and the waste of time is not justified.
These savings allow you to save , which is:
• A very good habit
• Allows you to think much less about difficult ends of the month, unfulfilled dreams, trips that you cannot afford, etc.
Saving allows you to achieve what you want without tightening your belt.
End to bad financial habits
There are many other bad habits that we “inherit” from others:
• From our family
• From our friends
• From our entourage
• From our office colleagues
Take the time to analyze your behavior and you will certainly spot new bad financial habits that weigh or imbalance your budget.
If you clean up these habits by transforming them into healthier reflexes, you will see that your financial health will improve.
In addition, these changes will allow you to finance projects that are important to you.