Did you know it is scientifically proven that it takes 66 days to create a new habit. Stating the obvious it’s not an overnight process.
If you want to change a behaviour it’s important to know the time frame and get the right advice. Whether it be a fitness goal or even a money goal, knowing that you need to push for 66 days to break or create a new habit is empowering.
When applying this to money habits, a common approach we take is the save first spend later habit, where we create forced savings or a regular investment strategy. Most people will struggle through that first couple of months adjusting to the new process, but once it’s habitual its second nature.
If you require assistance in developing your financial habits, give the team at Steve May a call and start a conversation today.
You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Sensibly Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website
Nick Shanley, Steve May, Luke Styles and Shanley Financial Planning T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Sensibly Pty Ltd, AFSL 533923. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guides.
