Spending Diet: Stopping Those Money Habits That Keep Us Broke

Spending Diet

Join our weekly #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m. ET.  This week, we talked about ways to stop those money habits that drain our budgets and keep us broke. The panel included:  Rod Griffin: Director of Public Education at Experian and Mike Delgado: Director of Social Media at Experian.

We’re also featuring financial tips all week on Snapchat.

Questions We Discussed:

  • Q1: Have you ever gone on a spending diet?
  • Q2: How long do spending diets typically last?
  • Q3: How do you go about deciding what items you trim out of your spending?
  • Q4: How do you differentiate needs from wants?
  • Q5: How do you prepare for a spending diet? (Groceries, bills, etc.)
  • Q6: What are some free things you can do to entertain yourself and your immediate family on a spending diet?
  • Q7: How do you spend time with extended family and friends while on a spending diet?
  • Q8: What should you do if you feel yourself falling off the wagon when doing a spending diet?
  • Q9: How do you avoid binge spending the money you saved on your spending diet?
  • Q10: Any final tips for someone considering a spending diet?

View the complete chat on Storify:

If you’ve never heard about #CreditChat, here is a brief overview:

Resources:

How to Break Bad Habits via @Wisebread

Relevant chats on YouTube: