What's your worst money habit?

United States
September 11, 2007 10:45pm CST
Most of us have at least one bad habit when it comes to money and what we do or don't do with it. For me my bad money habit has always been giving in to my impulses and buying things I really don't need. It's such a hard habit to break but after not being able to shop for a while as I had no funds, I think that actually helped me out a bit. Now my focus is more on saving and trying to figure out how to invest my money and make it work for me rather than how fast I can spend it. What's your bad money habit?
3 people like this
21 responses
@thefortunes (2368)
• Netherlands
12 Sep 07
My worst money habit is to never save anything, and spend it, or try to spend it as soon as possible. At times I have it spent the moment I get it, and even before I have gotten it. I should go and follow some kind of therapy as this is constantly bringing us to the verge of being totally broke.
2 people like this
• United States
12 Sep 07
I can totally understand that! It's such a hard habit to break, it's a way of life for a lot of people.
@GardenGerty (105415)
• United States
12 Sep 07
My number one worst money habit is not being informed, but counting on my husband to be on top of things. My excuse is that I work two jobs. Next worst habit is that we have eaten out enough in the ten years I have known him to pay off a good chunk of indebtedness. Eating out, unless it is really special and satisfying is one of the biggest wastes of money I know about. I do it because I get too lazy to cook, because I am so tired. We got really poor this summer and seriously cut it out. My hubby has changed his job and eats most of his meals at work. I take a packed lunch to work, and do something light at my second job. August/September is always rough for us, as I do not get checks from the school district in the summer, and it is the end of September when I get my first check from that job. That is why I have a second job. I am hoping that by next spring things will level out, and I can maybe cut out a job, we will just have to see. I earn just a teensy bit online. I would like to earn more.
12 Sep 07
I occasionally like to just grab a drink and get so drunk that I start laughing at the world and its money. I laugh at how people will kill one another for this piece of paper called money. I laugh at how people work hundreads and hundreads of hours for what? Money. I laugh at how I sometimes can be so greedy for nothing more than money. I laugh at how the world operates and loves money as they love God. I work for an internet research company called moneytalks and I remember doing a study once indacating that the interent is filled with more than 99.7% of information on money making ... It makes me laugh. Im not saying your greedy for money or infact anyone is im just saying we all are. My money habit is actually not very much of a bad habit. My habit is that I always give the exact change or more never less. When I go to a store and the purchase is a couple of cents and the cashier say's it's okay i never accept his word and hand him the money. Trust me it sounds like a strange habit but its true. I dont value money I only value the work involved in making the money.
2 people like this
@aseretdd (13736)
• Philippines
12 Sep 07
My worst money habit is that i am a sucker for those who are professional borrowers... they like to borrow money with a promise of returning it the following day or when they have money... but the reality is they have no intention of paying back... I hate those kind of people and i hate myself for succumbing to their play...
• United States
16 Nov 07
I was pretty much addicted to on-line Blackjack for about a year, a year ago. That was very poor for my money, but I think I got a control on that now.
12 Sep 07
I'm pretty good with money most of the time. The only time I lose my head over money is if I see the word "SALE" anywhere. I can't resist them. It appeals to the inner miser in me I think. Whenever I see a sale anywhere, I HAVE to check it out. And once I enter, I'll find somethin that i absolutely have to buy cos it's jus too cheap to pass by. It doesn't matter if the thing on sale is never gonna be of any use. I don't think about any of that. I just look at the prices. My inner miser goes on a misguided spree of stinginess and I end up with a messed up monthly budget :(
1 person likes this
• United States
12 Sep 07
Sales are great! My favorite are the Kohl's sales, OMG.. so last month I went to their sale and in one weekend got over $600 worth of clothes and shoes for under $200 plus they gave me a $30 coupon to use. It was great and guilt free because it was all so cheap.
@cici6880 (656)
• China
12 Sep 07
I also have some bad habit about money.I often buy lots of things when I go shopping with my friends and feel all of them are worth while at that time .At once when I get home ,I find most of the things can not be used in my life.
1 person likes this
• United States
12 Sep 07
That's true for me as well, it's hard to turn things down and not buy so much when I'm out at stores.
@ssf12ster (489)
• India
13 Sep 07
debt is there in everybodys lives. you buy something you are in debt . u dont buy still you are in debt. i always buy something for the kids even if i dont have money for my use. that is a bad thing i think we should avoid such things.though i invested some money the returns are not so forthcoming. so whatever small ineterst you get you digest that away . extemley sad thing to do instead of saving.oh boy give me a break!
1 person likes this
• United States
12 Sep 07
I spend money thinking that I can pay it all off in a week or so and when that week comes up I spend it on something else. If I were smarter I would go to a cash system so when it was gone I was done. It seems so much easier.
1 person likes this
@carlaabt (3505)
• United States
12 Sep 07
My biggest problem is that I sometimes seem to forget that I don't work much anymore. lol When I was pregnant with my son, and even the first 6 months afterward, I was working part time and bringing in around $2500 a month. Then I cut back to just a couple of days a week, and was making half that. Then I cut back to just two days a month and was down to around $300 and something a month. Now I don't work outside of my home, but I still manage to pull in around $200-300 each month with my work at home jobs. Anyway, we got so accustomed to spending close to $4000 every month when I was working, that it's hard to cut back. We were eating out a lot more then, and buying a bunch of stuff we didn't need. We've drastically cut back on the amount we eat out, and my son no longer gets new toys just because we happen to be in Target. lol Our biggest downfall now, is probably going places. Not that we go anywhere that costs to get in. We just go. We live 45 minutes or so from the nearest Walmart, mall, etc. It costs a lot in gas to go, but we still do it more often than we should.
1 person likes this
@wisedragon (2330)
• Philippines
12 Sep 07
savings - savings today can spare you from headaches tomorrow
Well, I am the opposite. I'm so good at saving money. Unfortunately that has made me complacent in finding income, so my income has also dropped. Now I need to concentrate on increasing my income.
1 person likes this
@zrosado (69)
• United States
12 Sep 07
That is my same habit. I always give in to my impulses, If I see a couple of shoes on sale I'll try to get as much as I can. What has helped me refrain from doing the sort of things is remembering all the bills I had and not wanting to get in debt. Money can be the biggest stress in a persons life, if you don't use it wisely.
1 person likes this
12 Sep 07
I am a dreadful impulse buyer, I can easy go nuts on eBay sometimes if I didn't keep reminding myself that I'm virtually broke LOL
1 person likes this
@cutepenguin (6457)
• Canada
12 Sep 07
Mine was to spend more on things than I needed to, just for convenience. Of course, now that I have absolutely no money, I don't do this. I might still do this in the future when I have more money, because I can still feel myself thinking this. I hope I have learned my lesson though.
1 person likes this
@dvschic (1796)
• United States
12 Sep 07
using credit cards, seems like whenever i pay one off, i'm right back at the store buying myself a congrats present for doing so good
1 person likes this
• China
12 Sep 07
I like excessive consumption ,like to buy a lot pretty clothing and trousers ,so the money of my very rare surplus ,I know that this habit is not good very much ,but again go through do not spend money entice ,so me current a rich metropolis money store to go bank ,even if interest is very few,so,can let I's save.
1 person likes this
@ctrymuziklvr (11059)
• United States
12 Sep 07
I am bad at impulse buying also. It's so hard for me to keep any money because I spend it as fast as I get it. I always have good intentions of saving but it never happens. There always seems to be something that I need or want and in reality I really don't.
@casita (237)
• United States
12 Sep 07
I'm a lot better than I used to be with money. Right now, I don't even go to a store. . any store. . .unless I need something. And then, I only buy what a need. I don't go to the mall. Ever. Everything is more expensive there and at my local mall they actually have "commercials" all over the mall. Actually, my grocery store also has a little "commercials" screen at the check-out. The only commercials I want to see are the ones I get paid for at the GTP sites! So, I avoid the mall. I do have to go to the grocery store, but only when I need something and I try to buy a lot so I don't need to go back that often. And yes, I have a Sam's club membership! I buy online a lot, especially if they offer free shipping. I save gas and time. And I don't carry money. Ever. With a checkbook I can verify where every last dime went. The only cash in the house is for my son's lunch at school. Lastly, I hardly ever use a credit card. All my cards are at zero. When I do use it, I immediately transfer money to it. I mean, we need to use our credit cards to maintain a living and healthy credit record. But we don't need to be paying anybody money for the privelege of spending our money! Saving money is done through a 401k. Money is taken from payroll before we ever even get the check, so we don't miss it. If we didn't have a 401k, I'd probably do CDs. And let me say, I learned all of this The Hard Way. Perhaps my worst money habit right now is the internet. I get the impulset to buy leads or join another MLM. I've finally learned to only keep the programs that are either functioning for me or just plain fun to be a part of. And let me tell you, my life is better for it!
1 person likes this
@secretbear (19464)
• Philippines
12 Sep 07
I think mine would be spending a lot and thinking of the next payday. LOL like, I'm going to spend a lot now and i'll just leave enough allowance for the remaining day until the next payday. ^__^;; i'll tell myself, its okay to buy this, I'm going to have my salary next time anyway. LOL its like, i'm already compromising my next salary. and not only that, I order clothes and beauty accessories to paid on installment basis, compromising again my next salary. actually, not only a part of my salary on the 15th is compromised, i've already compromised a part of my salary for the 30th. ^__^;; but I do try my best to save. I know the importance of being prepared. I save coins and also bills. coins for christmas to be given to kids and bills to be deposited on the bank. sometimes I just keep it on my wallet or anywhere in my cabinet. ^__^
@eliezl (766)
• Philippines
12 Sep 07
my impulsivity is my very bad habit. being a girl and love for being fashionable makes my money go down the drain lol =)) its very addicting
@sandwedge (1341)
• Malaysia
12 Sep 07
my worst money habit is always investing too much money. i love the feeling of looking at the numbers go up month after month plus the interests coming in. now that makes me wonder, when am i going to use it all??
1 person likes this