Jason Wyatt
Let me be real with you for a second.
Most people don’t stay broke because they’re lazy.
They stay broke because they keep repeating the same bad money habits over and over—and they don’t even realize it.
If you’re a Gen Z hustler, a 9-to-5 worker, or someone tired of living paycheck to paycheck, this message is for you.
Financial success isn’t magic. It’s mindset + discipline + execution.
In this blog, I’m breaking down 10 toxic financial habits that are keeping you broke—and how to replace them with good money habits that move you forward.
📊 Comparison Chart: Bad vs. Good Money Habits
| Bad Money Habit | Good Money Habit |
|---|---|
| No budget | Monthly income + expense tracking |
| Credit card debt | Pay in full or avoid using |
| No savings | Pay yourself first |
| Buying new cars | Buy used or lease smart |
| Ignoring 401k match | Maximize employer contributions |
| Impulse spending | 24-hour rule before buying |
| Paying bills first | Save first, pay bills next |
| Avoiding investing | Start small with ETFs or IRAs |
| Not learning | Read one finance book per month |
| Hoping for more money | Build skills and side income |
1. 🚫 Not Having a Budget
You wouldn’t drive blindfolded. So why are you managing your money that way?
Not having a budget is financial suicide.
Whether you make $1,000 or $10,000 a month, without a plan, your money will disappear. Period.
Fix it:
Use tools like:
- Mint
- YNAB (You Need A Budget)
- A simple Google Sheet
Break down every dollar. Give it a job. That’s how you take control.
2. 💳 Carrying Credit Card Debt
Let me make this clear:
Credit card debt is a wealth killer.
You cannot build wealth if you’re bleeding 20–30% interest every month. It’s like trying to fill a bucket with holes in it.
Ask yourself:
“What advice would you give to someone who just got their first credit card?”
Here’s my answer:
Use it like cash. Pay it off monthly. Never buy what you can’t afford in full.
3. ❌ No Emergency Fund
You’re not broke because of the emergency.
You’re broke because you weren’t prepared for the emergency.
The goal is $1,000–$2,000 in a separate emergency savings account.
Start with $50 a paycheck. Build slowly. No excuses.
4. 🚗 Buying New Cars You Can’t Afford
A brand-new car loses 10–20% of its value the moment you drive it off the lot.
Why would you borrow $30,000 for something worth $24,000 the next day?
Solution:
Buy used. Certified pre-owned. Cash if possible.
It’s not about impressing people. It’s about building your future.
5. 🧾 Paying Everyone Else First
This is one of the most common bad spending habits examples I see:
You get paid. You pay rent, phone, Netflix, Amazon.(Amazon List)
Then you save whatever’s left. Usually nothing.
Flip it.
Pay yourself first. Automate 10% into a separate savings or investment account.
6. 🥤 Letting the Small Stuff Leak You Dry
Daily coffee. Uber Eats. Convenience store snacks. TikTok shopping.
None of them feel like much—until you realize you blew $600 this month on “small” things.
Look at your statement. Circle the dumb stuff. Add it up. Fix it.
“Small leaks sink big ships.” – Ben Franklin
This hits the search term “bad spending habits of students” hard.
7. 💰 Ignoring Employer 401k Match
Your employer gives you free money… and you’re ignoring it?
Matching 3–5% is like getting a raise.
Compound that over 30 years and we’re talking six figures.
Enroll now. Set it. Forget it. Watch it grow.
8. 🕒 Not Investing Early
Every year you wait to invest, you lose time—and time is the most valuable asset.
Start an IRA or Roth IRA. Even $50/month.
You don’t need to be a stock expert. Start with:
- Vanguard ETFs
- S&P 500 Index Funds
Make your money work harder than you do.
9. 📚 Not Learning About Money
Let me ask you a question:
“Which option is a consequence of having poor financial habits?”
Answer: Staying broke. Living in debt. Stress. Anxiety. Limited freedom.
Your bank account reflects your habits.
Your habits reflect your mindset.
Your mindset reflects your learning.
Books to start with:
- The Psychology of Money by Morgan Housel
- Rich Dad Poor Dad by Robert Kiyosaki
- I Will Teach You To Be Rich by Ramit Sethi
10. 🧠 Hoping Instead of Working
You don’t get rich by hoping.
You get rich by doing.
A side hustle. A course. A digital product. A blueprint.
You don’t need 1,000 sales. You need 2 or 3.
💸 Ready to Break These Habits? Here’s the $600 Blueprint to Get You Started
Now that you know the habits to avoid, it’s time to do something about it.
I created a step-by-step plan that will show you how to:
- Start earning money online, even with zero experience
- Make your first $600 with just one or two monthly sales
- Scale it up if you want to go bigger
- Build stable income without quitting your job (unless you want to)
This works if you work.
👉 Click here to get my $600 Blueprint now.
🔍 Final Thoughts: Change Your Habits, Change Your Life
You’re not stuck.
You’re not doomed.
You’re not a victim of your job, your degree, or your situation.
You’re one decision away from changing your financial future.
Start with your habits.
The rest will follow.
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If you’re ready to stop living broke and start building wealth, this is your moment.
