To practice good financial habits, you first need to target your bad financial habits and quickly work on quitting them. Here are some of the most common bad financial habits that you might be holding on to:

Being Disorganized:

Disorganization can cost you a lot of money in a lot of situations. You could lose a receipt that could get you a rebate. You could misplace a bill and get stuck with an obnoxious late fee. By simply staying organized, you can stay one step ahead of potential costly mistakes like these.

Guess what the default system for everything is? Disorganization. Without intervention, the world tends toward chaos. This is especially true of desks.

That means that if you haven’t consciously put systems in place, all the paperwork and upkeep of business finances will morph into a hideous beast of chronic disorder. Don’t let your papers stack up, your invoices fall behind, or your payments arrive late.

Letting Small Leaks Sink Your Big Ship

Open Forum uses overdraft fees and warranties as examples of letting small mistakes get to you in a big way. Stupid small mistakes like getting stuck with overdraft and late fees can actually do a number on your bank account if they continually happen. And the money you lose is completely unnecessary to lose. Also:

If you perform any type of warranty work but fail to submit a warranty on time or according to proper procedure, you’re doing work for free. Is this your intention? I’m guessing not. Don’t do that anymore.

Failing to Negotiate

Don’t let opportunities just pass you by. If you do research on Internet providers, for example, and find that there’s a great deal from another company, don’t just call your company to cancel. Call to try and finagle a new deal armed with your new knowledge. You current provider might quickly match the competitor’s offer and you might not have to go through the hassle of changing providers.

For more examples, head over to Open Forum’s 8 Bad Financial Habits You Should Drop.