Five simple steps to help put you on the right track to correcting bad financial habits.
When Alex Harvey first decided to track her spending, she was stunned by some of the patterns she uncovered.
Now a money coach who teaches others how to limit their spending, Alex recognised she was getting a short-term buzz from shopping at the expense of her medium and longer-term financial goals.If your New Year plans include getting on top of your money worries, tracking your spending is a good place to start.
Roslyn Russell, finance and marketing professor at the RMIT School of Economics, says creating a money diary can provide you with a choice of strategies."You can decide to reduce your spending or do nothing at all, however, nothing will happen unless there is an awareness there,” she says.
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