Tips to Breaking Those Bad Spending Habits.

October 12, 2021

Most people have bad spending habits which can often affect your ability to save money. Do you spend the bulk of your monthly income on the same unnecessary things? Do you have no idea on where all your money is going each month?

Bad spending habits can be used on a variety of things depending on your interests and lifestyle. Saving should always be a priority regardless of how much we all want to spend instead of save.

In this article we explain how you can get into the habit of saving your money and break your bad spending habits. Some of the most common spending habits we hear about include:


  1. Not planning your meals.

 If you have no time to cook or go grocery shopping, this will often end up in grabbing food on your way home or throughout the day. Whether its grabbing food on the go, ordering take out or going out to eat, this uses money which could rather be saved by spending less money on buying groceries and cooking at home.

You can break these habits by pre-prepping meals, being organized and creative when it comes to buying your groceries. A convenient way of doing this would be:


  • Stocking your freezer and fridge with staples that can be bought in bulk.
  • Ordering groceries online, which means you won’t have to go into stores or buy unnecessary items.
  • Using leftovers which means you will waste less food and save money.


  1. Justifying your bad spending.

No matter how much you spend on something, there will always be a reason behind the purchase. But when it comes to non-essentials you do not always have to justify your purchase, this bad habit can be broken by always tracking your spending and asking yourself if it is something you really need. Understanding what you need and want is very important when it comes to saving money.


  1. Treating yourself.

Yes, we all deserve to treat ourselves once in a while, but this needs to be done within reason. This needs to be a form of reward and should not break the bank.


Bad spending habits that you can break today.


  1. Using your credit card for daily purchases

You should avoid using your credit card for everyday purchases such as groceries and gas. The best way to fix this would be immediately paying off the balance you put on your card for everyday purchases. This will help you avoid interest and not go over your budget.


  1. Buying things online.

It’s hard to avoid online deals when you have marketing pressurising you to purchase something. Having a huge online spending spree can lead to guilt when you buy items you don’t really need. You’d be much happier if you had saved that money instead.


  1. Buying brand named grocery products.

You don’t always need to buy a specific brand of a product when a generic household brand does the same job. This will help you save that extra bit of money you need each month.