7 Bad Money Habits That Are Keeping You Broke Struggling to get ahead financially despite earning a steady income? The problem may not be your paycheck — it could be your habits. Breaking the cycle of poor money management starts with identifying behaviors that quietly drain your wallet. Here are seven bad money habits to watch out for and how to fix them. 1. Living Paycheck to Paycheck Without a plan, your entire income can disappear before the month ends. Create a budget and prioritize saving first, spending later. 2. Not Tracking Your Spending If you don’t know where your money goes, you can’t control it. Use a budgeting app or a simple spreadsheet to monitor daily expenses. 3. Relying on Credit Cards for Essentials Using credit to cover basics like groceries or utilities often leads to debt. Build a small buffer fund and use cash or debit whenever possible. 4. Impulse Buying Spending emotionally or without planning adds up fast. Use a 24-hour rule before making non-es...