‘Live Your Life, Not Theirs’ author discusses the most damaging money habit

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New York Times best-selling author and author of the new book 'Love Your Life, Not Theirs' is speaking Thursday evening with her father, Dave Ramsey at Church of the Resurrection, 13720 Roe Avenue in Leawood. Tickets start at $59.

Twitter: @RachelCruze
Website: http://www.RachelCruze.com

Healthy Money Habits
- Quit the comparisons
o This is the most damaging money habit we have
o Social media has made it easier than ever to compare ourselves to others
o Don’t let other people dictate the way you spend your money

- Steer clear of debt
o When you go into debt, you don’t own your stuff it owns you
o This includes car loans, student loans and credit cards
o Create a plan to pay off debt
o Instead of going into debt, make a habit of saving

- Make a plan for your money
o The plan for your money is a budget
o A budget doesn’t limit your freedom; it gives you freedom
o Create a new budget every month before the month begins

- Talk about money (even when it’s hard)
o Talking about money can be uncomfortable, but it’s necessary
o Necessary money conversations include: couples, singles, grown children to parents, and parents to kids