As the wise Aristotle once said, “We are what we repeatedly do”. Sometimes easier said than done, breaking a bad habit and replacing it with a good one can be helped with a little something called ‘mindfulness’. Psychiatrist Judson Brewer speaks on this simple tactic to help combat bad habits that may be holding us back from reaching our future goals.
Some bad habits can really hinder our personal finance goals and may be holding you back: keeping up with the Joneses, impulse buying and using credit to fund your lifestyle, neglecting debt management basics, not putting surplus income to good use, and not planning for retirement. By being ‘mindful’ of these habits you may have, it can help to better understand yourself and help you take control of your money personality.