Five Bad Money Habits Your CPA Can Help You Break

Spending Money Habits CPA Business

Money Habits

Let’s face it, we all have bad money habits that we need to break. While we may not want to admit it, it’s a reality that many of us face every day. If you want to know whether someone has bad money habits, the best place to check is their bank account. If their account is always in the red, you’ve definitely found a bad money habit.

Having bad money habits does not mean you are a bad person, nor does it necessarily indicate that you’re a bad business person either. What it does say is that you lack self-control as it relates to your finances. Sadly, this is a flaw many business owners across America share.

Here are five bad money habits your CPA can help you break. Breaking these bad habits can help get business on the right path.

  • Spending Money Before You Get it
  • Spending Money You Don’t Have
  • Spending Money on Unnecessary Purchases
  • High Interest Rate Credit Card Usage
  • Failing to Calculate Taxes

Do any of these bad money habits sound like the habits of your business? Don’t worry, you’re not alone. 75% of businesses have one or more bad financial habits. With diligence and perseverance, these habits can be broken.

These bad money habits are exactly why it’s imperative to have a CPA on your team to help you break the bad financial habits which are extremely hard to break all on your own.

Image credit: Pictures of Money

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