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Experts Explain How to Break Bad Money Habits
  1.  >Experts Explain How to Break Bad Money Habits

Did you know that 40% of the things you do are habits led by invisible triggers that your brain worked hard to make you unaware of?

Let’s unpack this. Habits are created by the subconscious part of the brain. Which is why you’re unaware of them. And your brain is working hard to keep you unaware, so you continue doing what you’re doing. These habits have a mental, physical, and emotional impact on you as well. Dr. Morgan Cerf, Neuroscientist, says “habits are patterns of existence in our brain that operate without us paying attention to them.” And that some habits are so natural they are hardwired in the brain—like breathing. Which is why they are so hard to break.

Some people spend everything they have because they’re so used to not having money. It takes intentional work to break a habit and it’s easier to conquer one bad habit at a time, then trying to conquer them all at once. For example, saving money consistently every month is one goal that can be managed more easily than deciding you’re also going to spend less, and not buy your daily lattes. So how can you tackle each of your habits? There are five stages of breaking bad habits: 1. Denial, 2. Contemplation, 3. Preparation, 4. Action. 5. Termination. What do each of these mean and how can you implement them in your life? Watch #YourBrainonMoney to find out.

Did you know that 40% of the things you do are habits led by invisible triggers that...