7 “Bad” Money Habits That May Actually Help You In The Long Run

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In this video, Chelsea dives into the "bad" money decisions you've been warned about, and how they might actually help your finances in the long run.

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01:39 Editorial video begins

"Responsible" money decisions video: https://www.youtube.com/watch?v=DI1hJJyYoRw&t=238s

Investing vs. paying off debt:
https://www.fidelity.com/learning-center/personal-finance/pay-down-debt-vs-invest
https://studentloanhero.com/calculators/student-loan-payoff-vs-invest-calculator/

Spending on short-term wants:
https://www.facebook.com/daveramsey/posts/if-youre-working-on-paying-off-debt-the-only-time-you-should-see-the-inside-of-a/10157026796590886/#:~:text=If%20you're%20working%20on%20paying%20off%20debt%2C%20the%20only,if%20you're%20working%20there
https://rightasrain.uwmedicine.org/body/healthy-weight/diets-dont-work

Holding more cash:
https://www.kiplinger.com/investing/602852/yes-you-can-have-too-much-cash
https://www.seattletimes.com/business/despite-inflation-its-a-good-time-to-increase-your-cash-stash/
https://www.investopedia.com/articles/markets/081515/how-inflation-and-unemployment-are-related.asp

Earning over saving:
https://due.com/blog/should-you-focus-on-earning-more-or-saving-more/

Using a credit card:
https://www.ramseysolutions.com/banking/5-reasons-why-debit-is-better-than-credit
https://geobreezetravel.com/

Missing out on investments:
https://www.thebalance.com/should-you-pick-own-stocks-357324#:~:text=Higher%20investment%20risk%3A%20All%20investing,it%20affects%20your%20entire%20holding
https://www.youtube.com/watch?v=COYqK7-OPT0&t=104s

Personal loans:
https://www.bankrate.com/loans/personal-loans/pros-cons-of-personal-loans/
https://money.usnews.com/loans/personal-loans/personal-loans-for-credit-card-refinance

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