7 Bad Money Habits to Break in 2013 ...

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If your finances are less-than-perfect, you might resolve to break a few bad money habits this year.

Resolutions are common after the new year, but where do you start?

Personal finance education isn’t taught in high school.

But despite your lack of education in this subject, you can learn good financial moves and stop bad money habits.

1. Carrying a Credit Card Balance

I didn’t learn the impact a high credit card balance has on credit scores until my adult years, and many other adults share my experience.

If you want to break your bad money habits, start with your credit cards.

Credit card balances make up 30% of your credit score.

If you shop until your cards are maxed out or near their limits, you’ll significantly reduce your credit rating.

This can trigger credit rejections and higher interest rates on loans.

Forgetting to Budget
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