Money habits are the patterns of behavior that influence how we earn, spend, save and invest our money.

Developing good money habits can help us achieve our financial goals, such as paying off debt, saving for retirement, or buying a house.

• Some examples of good money habits are: setting a budget and sticking to it, tracking our expenses and income, paying ourselves first by saving a portion of our income, avoiding unnecessary fees and interest charges, and investing wisely for the long term.
• On the other hand, some examples of bad money habits are: spending more than we earn, living paycheck to paycheck, relying on credit cards or loans to fund our lifestyle, ignoring our bills and debts, and not planning for the future.
• To change our money habits, we need to identify the root causes of our behavior, such as emotional triggers, beliefs, or values. We also need to set realistic and specific goals, monitor our progress, reward ourselves for success, and seek support from others if needed.