Money Habits that give you a Healthy Financial Life

It is said that God made man, man made money and money made man mad. Well it is true that money issues do drive us mad but there is something we can do about that.  We need to start changing our money habits and as they say habits become second nature.

Spending Hacks

Spending Hack #1: Only spend cash.

This first spending hack is a very effective mind trick: only spend cash.  It sounds extreme, but the rule here is that if you run out of cash you’ll have to wait until you earn more to spend again.  This is a physical reminder of a principle that was lost on Americans a long time ago; don’t buy what you can’t afford.  Are you looking for a tip to make this hack a little easier?  Try this: get the cash you need for the week in big bills such as 50s and 100s.  This is called the “Denomination Effect” which shows that the likelihood of spending is lower when an equal sum of money is represented by a single large bill.  For example, it’s easier to spend five $10 bills than it is to spend one $50 bill.

Spending Hack #2: Cut up your credit cards- but don’t cancel them.

Opening and closing various lines of credit can be a red flag to your next lender, so we are not advocates of cancelling your credit cards.  Instead, just simply cut them up.  If you are hesitant to cut up your credit card in case you need it for an emergency, then put it in a place that is not easily accessible for a while.

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Most people think that saving or budgeting for their money is hard but actually it is not. There are so many ways out there that you can use to save a buck or two and as they say little by little becomes a lot.

  1. Start a piggy bank. Emptying your pockets into a piggy bank every day is a great habit to get into to save money. Sure it may seem childish, but storing your change away can really add up.
  2. Get savvy with coupons. Coupons are a great way to save money on grocery and everyday items. Start clipping them from the insert in your Sunday paper or go to a website like and print them out.
  3. Carpool to work with a friend. Carpooling saves tons of money in gas, and it’s also good for the environment.
  4. Eat a few vegetarian meals every week. Chicken and ground beef are expensive to buy. Try cooking spaghetti without the meat, or make a vegetarian lasagna, and save a few bucks along the way.

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The twenty first century has opened the world to new earning opportunities. There are several ways of earning extra income online. You only need a PC, Good internet connectivity and time to work.

Method 1 – Make money using Advertising Sites like Google Adsense:

If you are thinking of opening a blog/website then make sure to apply for an advertising company like Google Adsense, That will boost your earning. If you get accepted then your earning will be on cloud nine because 90% on websites on the internet are monetizing their site with Google Adsense.

Method 2 – Make money using YouTube:

If you are good in making videos or vblog then you should definitely try for YouTube because YouTube is the only #1 platform where you can monetize your videos and can boost your earning. On YouTube, anyone can apply, But if you are good in Blogging/Cooking/Creating funny videos/Sports/Reviews. etc. then you should definitely apply for YouTube and monetize your videos with Google Adsense.

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