After filing taxes in April, many Americans received a shocking wakeup call regarding their financial habits. Habits are in every area of our lives, including our health, our jobs, our personal relationships and in our finances. Some are good habits, some are not, but regardless of whether they’re good or bad, our money habits have a direct bearing on our lives.

Do you have a habit of using cash for purchases or do you quickly reach for the credit card to pay the bills? Do you check your account often or do you hope that you have enough for each purchase?

If you’re going to build the life you want and work towards financial freedom, your habits may have to change.

This isn’t always easy. Most of the time our habits have been entrenched by years of repetition and what you do may be so much a part of your daily life that it’s difficult to see the detriment it’s causing. However, if you’re wanting to change for the better and not have a shock when doing next year’s taxes, habits will have to change.

As one of Dave Ramsey’s Endorsed Local Providers, we advocate that people learn to use a budget and to spend within their means. It’s also a good idea to set aside a little money in case of emergencies and continually add to this account little by little throughout the year.

Following these simple steps can go a long way in ensuring that you have a more successful tax season next year. Even if you end up owing again, you won’t have to wonder where the money will come from as you’ll be able to pull it from your emergency account.

As far as savings and budgeting are concerned, there aren’t any better habits to have in your personal finances.

For more information or to talk with one of our Certified Public Accountants, contact our offices in Joplin, MO. We look forward to hearing from you.