Do you have good financial habits? They impact your ability to save.
Small habits done consistently over time lead to big results. One of my board members works on one habit a month. He’s either breaking a bad one or forming a good one. Sometimes he has to go back and brush up on old ones, but that’s ok. He’s always moving forward.
When was the last time you evaluated your financial habits? Seriously! Take a good look at your bank and credit card statements. You’ll quickly size up your priorities!
How’s your credit score? Your net worth? These are determined by your habits as well. Are you late paying bills? Determine what habits you need to break or change. Maybe you need to develop some new habits. We all have room for improvement.
Now, work on one at a time over a month. That’s 12 new habits a year. Develop positive cues and healthy routines. Journal and discuss them with your spouse or a mentor for encouragement and accountability.
Changing routines can be difficult, but there’s always a way. Ask God to give you the self-control you need. Be patient but determined. Start your day mindful of your new habit until it becomes a routine. Post notes in your car, on mirrors, or on your phone for reminders.
As the Apostle Paul wrote in 1 Corinthians 10:13: “No temptation has overtaken you except what is common to mankind. And God is faithful; he will not let you be tempted beyond what you can bear. But when you are tempted, he will also provide a way out so that you can endure it.”
So, what habit can you work on this month?
Have you heard of the savings app Eli? It helps you establish good financial habits by setting aside money that you can afford to save. It’s SSL encrypted and FDIC insured. Download the Eli app at crown.org today!