Tired of Being Broke in Vegas? Avoid These 7 Bad Money Habits

7 Bad Money Habits

Making ends meet and struggling to provide for necessities can be a challenging task; especially when you have bad money habits. If you are tired of living day to day, here are seven bad habits to avoid that will save you from being broke.

1. Spending More Than You Earn

Don’t act like a country; they are the only ones allowed to spend more than what they have. Get to know your deficit. According to the National Financial Capability study, 1 in 5 Americans spend more than they make and at least 38% can’t break even. Spending less than what you earn is critical for you to save something for another day.

2. Thinking Credit Cards Are Free Money

Credit cards are great when used in a bad financial situation. However, this particular plastic in your pocketbook is the greatest promoter of lousy money habits as it allows you to spend on impulse abandoning your budget plans. So sticking to your budget and keeping your credit in your wallet is one of the best money habits you can have.

3. Ignoring Your Bills

More than one-third of your FICO credit score is determined by your ability to pay bills on time. When your credit card bill, car insurance or utility bill arrives, pay it before the due date. Devise a payment method and plan with your creditor before it goes to collections. Your financial future depends on it.

4. Hanging with Other Broke People

When you consider your friends, are they financially successful? If the answer is no, then you need to start spending time with people who are successful. Good money habits will rub off on you, and any advice you get about finances comes from people who practice what they preach.

5. Dreading Your Paycheck

Stop wasting your energy complaining about your measly paycheck. Use that energy to get where you want your earnings to be and improve your salary. Do you think you should make more money? You need to negotiate for a raise. Talk to your boss so that you understand what’s required to get that bump in your pay.

In case you’re of significant value to the organization, the supervisor will be able to notice the implicit threat if you leave for a better-paying job. Remember, the best time to look for more lucrative opportunities is while you still have a job.

6. Making Excuses for Not Saving Money

Start saving now. You can put money in a savings account where you can’t access it unless during emergencies. It’s easier and less stressful to make financial decisions when you know you have some extra cash in your account that will cover emergencies. Second, focus on how to save money on things that you do. Never purchase something on a whim or without researching the price from a few different stores.

7. Request for Loans

Sometimes personal loans in Las Vegas can be a boost to your financial strength when borrowed and used in the right manner. Personal loans can be used to start money generating projects that will contribute to your overall financial stability. This will, therefore, enable you to take care of some bills hence increasing the saving power.


Breaking your financial routines may take significant effort and time. Engaging habits that will enable you to build your bottom line by paying bills on time, making use of technology and increasing your savings and income will be worth your effort and time in the long run.

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