This document provides guidance on changing a bad financial habit by learning about habit formation and applying that knowledge. It outlines a 6 part process to identify an undesirable money behavior, understand how habits work, determine personal cues and rewards for that habit, create a plan to change it, execute the plan, and reflect on progress. Changing financial habits requires building a foundation of strong money management practices.

1. CHANGE A BAD FINANCIAL HABIT
Which of the following factors has the MOST negative
influence on money habits:
a) family, b) friends or c) social media?

3. SMART MONEY MANAGEMENT REQUIRES BUILDING A FOUNDATION IN
STRONG, HEALTHY FINANCIAL HABITS.
IN THIS ACTIVITY, WE’LL LEARN ABOUT HOW HABITS WORK AND THEN
APPLY THAT KNOWLEDGE TO A FINANCIAL HABIT THAT YOU’D LIKE TO
CHANGE.
Schoology Folder - Change A Financial Bad Habit
Part 1 – Choose a Financial Habit
Part 2 – The Habit Cycle
Part 3 – What Might Your Cue and Reward Be?
Part 4 – Create a Plan
Part 5 – Execute Your Plan
Part 6 - Reflection