What are financial habits?

Financial habits are the choices you make every day about your money, just like how you choose what to eat for lunch or which toy to play with.

Imagine you have a piggy bank. Every time you get some coins from your pocket, you put them into it. That's like saving, a financial habit. Some people do this every day, others once a week. It’s simple, but over time, that jar gets full!

Now imagine you have a big bag of candy. Sometimes you eat all the candy at once, and sometimes you save some for later. That's like spending or saving, another financial habit. If you always eat all your candy right away, you might not have any left when you need it most.

Your financial habits are like your daily routines with money. They help you know if you’ll have enough for what’s coming next, just like knowing if you’ve got enough snacks for the whole day or just one snack right now.