Turkey dump your poor financial habits

< Back to all articles

The “official” definition of a ‘Turkey Dump’ is breaking upwith your high school boyfriend or girlfriend after being apart from each otherfor the first time while at university. Call us romantics, but what if thisThanksgiving weekend instead of dumping your high school sweetheart, youditched some of your poor financial habits instead?

In no particular order, here are some poor financial habitsthat you should kick to the curb.

1. Not using abudget. This one’s a no-brainer! If you need some help getting started, we can help with our easy to use budget template.

2. Only paying theminimum balance on your credit card. You should treat your credit card likean emergency fund—not as an excuse to buy a large pizza instead of using yourmeal card on a Friday night.

3. Maxing out yourstudent loan/savings already. This is a marathon, not a sprint! If yourstudent loan is disappearing quicker than an ‘I wuz here’ message on adorm-room white board, it might be time to pump the brakes and look at yourfinances. The semester is only half over.

4. Going out on thetown every weekend. Sure, it’s ok to blow off some steam now and then andhave fun with your friends. But between cabs, cover charges, drinks, andlate-night snacks, socializing can take a toll on your bank account.

5. #PSLs.Seriously. A fancy coffee habit adds up quicker than you think. It’s ok totreat yourself, but just maybe not every day.

So, while you tackle that mountain of laundry, raid yourparents’ fridge, and yes—give thanks and spend time with family and friends—thelong weekend is also the perfect time to review your spending habits and getyour finances in order for the second half of the semester. Your wallet will thank you!