If you’re trying to improve your financial habits, it helps to understand them. Thinking of your money behaviour in terms of the “seven deadly sins” can help shed some light on your behaviour.
Over at Listen Money Matters, writer Candice Elliott relates different impulse spending habits to the cardinal sins: lust, wrath, greed, sloth, envy, gluttony and pride. For example:
Let’s start with lust, possibly the most fun of the sins! Lust is when you long for something to perhaps an unnatural degree. A new car when you have a perfectly good one. Gluttony is over consumption to the point of waste. Wasting food is probably the best example. If you plan your meals, you’ll waste less. Don’t buy a bag of carrots, roast two and let the rest rot. Learn what else you can do to use the other carrots.
It’s a fun metaphor — she calls them the seven “debtly” sins — but it also makes a lot of sense. For more, check out the full post.
The 7 Debtly Sins [Listen Money Matters]