• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Cult Of Money

Cult Of Money

Personal finance for the crypto-curious.

  • About
  • Podcast
  • Contact
  • Cryptocurrency
      • How To Start

      • What Is Cryptocurrency And How To Invest?
      • What Is Bitcoin And How Does It Work?
      • What Is Ethereum And How Does It Work?
      • Most Common Crypto And NFT Scams (And How To Avoid Them)
      • Proof Of Work vs. Proof Of Stake vs. Proof Of History
      • How To Invest In Crypto In Your IRA Or 401k
      • Tools + Resources

      • Best Cryptocurrency Exchanges
      • Best Cryptocurrency Wallets
      • Best Crypto Savings Accounts
      • Best Tax Software For Crypto And NFT Traders
      • Reviews

      • Coinbase Review
      • Gemini Review
      • BlockFi Review
      • Binance Review
      • Hodlnaut Review
      • Ledger Wallet Review
  • DeFi
      • How To Start

      • What Is DeFi?
      • What Is Staking Your Crypto?
      • Centralized vs. Decentralized Exchange
      • Tools + Resources

      • What Is Uniswap And How Do Decentralized Exchanges Work?
      • Reviews

  • NFT
      • How To Start

      • What Is An NFT?
      • Tools + Resources

      • Most Popular Play-To-Earn Crypto Games
      • Popular Projects

      • What Are VeeFriends And Are They Worth It?
      • Bored Ape Yacht Club NFTs Are Popular (And Expensive)
      • What Is The Sandbox And How Can You Play?
      • Why Visa Bought A CryptoPunk
  • Investing
      • How To Start

      • Tools + Accounts

      • Reviews

  • Personal Finance
      • Banking

      • Best Bitcoin Rewards Checking Accounts
      • Tools + Resources

      • Tax

      • Income Tax Prep Guide
      • Bookkeeping And Accounting For Crypto And NFTs
Saving Money, Strategies

9 Financial Habits Worth Picking Up

By Alexa Mason • September 15, 2015

At The Cult of Money, we want to help you navigate your finances. To do this, many or all of the products featured here may be from our partners whom we receive compensation from. This doesn’t influence our evaluations or reviews. Our opinions are our own. Learn more here.Advertiser Disclosure

There are thousands of financial products and services out there, and we believe in helping you understand which is best for you, how it works, and will it actually help you achieve your financial goals. We're proud of our content and guidance, and the information we provide is objective, independent, and free.

But we do have to make money to pay our team and keep this website running! Our partners compensate us. CultOfMoney.com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The Cult of Money does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).

For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. CultOfMoney.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. All products and services are presented without warranty.

financial habitsIf you’re looking to improve your financial health, no matter what stage of life you’re in, one easy thing to do is focus on one new habit at a time.

This is something I’ve consistently done over the years and has had an amazing compounding effect.

Here are nine financial habits you can try to incorporate into your routine.

Balance Your Checkbook Weekly

Do you balance your checkbook or do you just look at your bank balance online to get a sense of where you stand? If you do the latter that could be a big mistake – especially if you don’t have a large buffer in your checking account.

Balance your checkbook at least weekly. This will give you a true sense of how much you’re spending and on what. Not to mention you won’t accidentally overdraw your account.

Use a Cashback Website

Using a cashback website, like Top Cashback (which in my research, offers the best deals) should be a no brainer. Especially if you do a lot of shopping online.

By using a cashback website you can effortlessly earn back hundreds of dollars per year without ever having to work for it.

Consistently Declutter Your Home

Decluttering your home can be so huge for your finances in ways you’d least expect.

When you constantly declutter you are aware of the things you buy and never use. And if you’re like me you’ll find out that you’re buying more of things you already had, but were misplaced.

Create a Second Source of Income

I’m a huge proponent of not having all of your eggs in one basket. Not only does having multiple income streams protect you in the event you were to lose one of them, but sometimes those streams you least expected can become the most powerful.

Our traditional economy still isn’t stable. You need to put at least part of your income in your own hands. Develop working on a second stream of income.

Automatically Invest

Putting your investments on autopilot is one habit that’s easy to pick up. After you set it up you never have to think about it again.

Automatically investing has been a huge life saver for me.

Increase Your Savings Rate by a Percentage Each Year

Next, it’s smart to increase your savings/investing rate as your income grows. You can do this by increasing your savings in small incremental amounts – say, 1% per month or 10% per year. (Do more if you can.)

Since you’re already used to saving, it will be easy to pick up these habits and since 10-12% per year is a relatively small increase this shouldn’t be difficult to do.

Reinvest Your Dividends

If you’re investing in dividend stocks make sure that your dividends are automatically reinvested. This will help you grow your investments at a much faster pace.

Come Up with a Retirement Savings Plan

It can be hard to think about retirement – especially since it seems like it’s so far in the future for many of us. But this is something you need to be thinking about and planning for.

There are many different ways to save for retirement.

Some people choose real estate and rental properties, other max out their 401ks, and Roth IRAs each year and others do a mixture of both.

Determine how much you’re going to need in retirement

Practicing Gratitude on a Daily Basis

We’re all in different places but no matter where your financial life is right now there’s always something to be grateful for. Start a practice of gratitude and continually be thankful for what you’ve got.

I know this can sound a little new age-y or even weird to some, but practicing gratitude cultivates contentment. This can radically change your entire life – financial and beyond.

Alexa Mason
Alexa Mason

Alexa Mason is a freelance writer and wanna be internet entrepreneur. She is also a newly single mom to two beautiful little girls. She chronicles her journey as a single mom trying to make it big at www.singlemomsincome.com.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.

Comment Policy: We invite readers to respond with questions or comments. Comments may be held for moderation and are subject to approval. Comments are solely the opinions of their authors’. The responses in the comments below are not provided or commissioned by any advertiser. Responses have not been reviewed, approved or otherwise endorsed by any company. It is not anyone’s responsibility to ensure all posts and/or questions are answered.

Primary Sidebar

  • Facebook
  • Instagram
  • Pinterest
  • RSS
  • Twitter
  • YouTube

Editor’s Picks

  • 8 best cryptocurrency exchanges ranked

    8 Best Cryptocurrency Exchanges Ranked For 2023

  • crypto savings accounts

    6 Best Crypto Savings Accounts For 2023

  • Cryptocurrency Bonus Offers

    10 Best Crypto Promotional And Bonus Offers

  • best crypto wallets

    Best Crypto Wallets For 2023 (Software And Hardware Options)

  • Best Portfolio Trackers For Cryptocurrency And Stocks

    6 Best Portfolio Trackers For Cryptocurrency And Stocks

  • best tax software for crypto and NFT traders

    Best Tax Software For Crypto And NFT Traders In 2023

Popular Posts

  • proof of work vs. proof of stake vs. proof of history

    Proof Of Work vs. Proof Of Stake vs. Proof Of History

  • Why I Bought An NFT

    Why I Bought An NFT [And 5 Reasons You Should Too]

  • My Dogecoin Experiment: What I Learned From Investing $2,000 In DOGE

  • common crypto and nft scams

    Most Common Crypto And NFT Scams (And How To Avoid Them)

  • Bookkeeping and Accounting for Crypto and NFTs

    Bookkeeping And Accounting For Crypto And NFTs

  • what is a 51% attack

    What Is A 51% Attack? (And How Is That Game Over For Crypto?)

  • what is staking crypto

    What Is Staking And How Can You Make Money With Your Crypto?

  • what are veefriends

    What Are VeeFriends And Are They Worth It?

  • how to file a complaint against crypto exchanges

    How To File A Complaint Against A Crypto Exchange [Crypto Regulators]

Footer

Pages

  • Best Cryptocurrency Wallets
  • Best Cryptocurrency Exchanges

Categories

  • Cryptocurrency
  • DeFi
  • NFT
  • Personal Finance

About

  • About The Cult Of Money
  • Contact
  • How We Make Money
  • Advertise With Us
  • Facebook
  • Instagram
  • Pinterest
  • RSS
  • Twitter

Copyright © 2023 | Cult of Money | Privacy Policy | Terms of Service