Texas Lending | Break Bad Habits to Improve Finances

TexasLending.comEveryone has habits when it comes to money. Some are good. Some…not so much. Many of these were ingrained in childhood and are difficult to break. However, according to the financial experts at Texas Lending, a little hard work can make things much easier in the long term.

Q: What is the most important thing to keep in mind when trying to save money?

Texas Lending: The only way to be truly successful when setting a financial goal is to pay close attention to the reason it’s a goal in the first place. Are you saving money for your child’s education? Do you want to buy new furniture in cash? Want to surprise your parents with the honeymoon they never had? If something is near and dear to your heart, it is much easier to make small sacrifices to make it happen.

Q: When is the best time to change financial habits?

Texas Lending: Today, right now! It is been said that tomorrow is the worst time to plan something, since tomorrow is not guaranteed and we often prioritize other things as we move along in our day-to-day lives. Don’t sit around waiting until you have all the answers; they will come in time.

Q: How can I indulge in little luxuries without going further into debt?

Texas Lending: We often suggest that our clients purchase luxuries with “smart money.” Smart money is cash that has been generated from other assets. For instance, if you earn interest on a savings account, use that money to go on vacation. Avoid the temptation to go further into debt for a few moments of pleasure.

Q: Saving is hard. I don’t think I can keep up once the novelty wears off. Do you have any advice to help keep me on track?

Texas Lending: It is easier than ever to save money in today’s tech-centric society. You can start with having a small portion of your direct deposit transferred into a savings account each pay period. You can also divert money to pay your utility bills, car payments, and any other recurrent expenses into “bill pay” account and have them automatically deducted.


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