The 7 Bad Habits of Financially Defective People

Sometimes lessons are clearer when the opposite is presented. Sit down with your kids and ask them what the results might be if they followed these seven bad habits:

1. Buy now, pay later
2. Pay yourself last (if at all)
3. Don’t take time to compare prices
4. Indulge in every new fad the moment it becomes popular
5. Don’t save receipts
6. Don’t reconcile your checkbook or your credit card bills
7. Charge more than you can pay in full when your credit card bill arrives.