What does financial security mean to you? Does it mean not lying awake at night worrying about bills? Does it mean knowing that if an unplanned expense comes your way, you’ll have a means of handling it? If you’re hoping to become financially secure, you’ll need to avoid certain habits that will stop you from meeting that goal. Here are five in particular to steer clear of.
1. Not following a budget
Regardless of your age, income level, and expenses, you need a budget to help stay on top of your finances. Without one, you’ll have a hard time understanding where your money goes month after month, and where it would make sense to cut corners.