You’ve worked hard for your money, and it only makes sense that you should be able to keep it. If you don’t know where your money is going or even how much you have at any given point, it can be difficult to not only make sure things get paid for but to also be able to save for your future.

Learning better money habits might sound difficult, but it doesn’t have to be. This article will give you a list of five money habits you can start using today to get on track and start investing in yourself.

Here are 5 better money habits that will give you more abundance:

1. Knowing Your Budget

A budget has got to be the first money habit you change if you want to take control of your finances. Learning about what your income is and when and how much your bills and other expenses are is crucial for gaining financial ground. Sit down and take a look at your check stubs and bank statements to determine where your money is going. For your income, it’s best to take a number from the lower range, and a number from the higher range for your expenses. This way, you can be covered no matter what situation may come up.

2. What are Your Goals?

If you don’t know where you’re headed, how will you know when you get there? The same concept applies to your finances and building better money habits. It’s important to set goals, and then include them in your budget so that they don’t end up as a surprise or passed up completely. Some ideas of great goals to include would be saving for yearly car repairs and maintenance or getting some money into your emergency fund on a regular basis. If all you can afford to put into savings right now is five dollars per month, then add it anyway. Don’t be discouraged by the small amount because the effort and small increments will still add up over time.

3. Ditch the Debt

Another great money habit to have is knocking out your debt as soon as you can. For those with student loans or high amounts of debt, this idea may seem impossible, but it’s better to keep paying it off on a regular basis than to throw a few dollars at it once in a while. This also applies to your credit card bills. Paying off the balance at the end of the billing cycle can significantly improve your credit score and show other lenders that you are able to be responsible with your money.

4. Insurance

If you are trying to build better money habits, then be sure to look into your options for life insurance. This is a way to protect yourself from any sort of incident that could occur in the future. If you carry insurance, then these events, like a home flooding or a car crash, can usually be covered in all or part by insurance. Something like renter’s insurance can even help you replace items if they’re stolen from an apartment or home that you’re renting. These benefits are only there if you get started and continue paying your premiums.

5. Retirement

Planning for retirement is one of the great ways to build better money habits because it allows you to invest in your future and make a plan for what lies ahead. You should contribute to a retirement fund as early as possible because interest rates can only help magnify the amount you will have available when it’s time to retire. There are several ways to get started with these money habits, such as through programs at work or through your local bank.

better money habits


As you can see, there are quite a few ways to be able to build your wealth by simply making a few changes to the way you handle your money. The idea of building better money habits doesn’t have to be scary or overwhelming because you can easily implement one small change at a time and reap the benefits of changing your habits.

Better money habits are a great solution if you constantly feel like you aren’t in control of your money. They can help put you back in the driver seat of your future and prepare you for what lies ahead.