If you overspend, you are not alone: the average American spends $1.33 for every $1 earned. Our spending habits have become so routine that we often forget the ways we are spending money on unnecessary things. Here are some tips to break bad habits, and set you up to achieve financial success.
- Automate your monthly budget
Tracking your finances can be difficult, so using a service like Mint can help you understand where your money is going automatically. These services will tell you how much you are spending on restaurants and entertainment versus essentials. Once you are armed with this information, you can make an informed choice about how to scale back.