Luke Jones

Good Financial Habits

July 26, 2021

Update on November 3, 2022: *An important point I missed from this article is to *not live beyond your means. That is to say, try your best to not buy things you cannot afford without credit. Try and separate what you want from what you need. Keep on track with your credit card spending, and be responsible with your money.*

I made this list after reading a stack of books about financial habits back in 2018-2019. It’s helped keep me on track to save money, make prudent financial decisions, and changed the way I think about money and spending. Enjoy.

Top habits

  1. Save 10-20% of your income per month.
  2. Max out your 401k.
  3. Pay off your credit card balance each month.
  4. Never buy or sell individual stocks.
  5. Buy inexpensive well-diversified index mutual funds and exchange trading funds.

Financial Wellness


This isn’t financial advice, so don’t take my word for it!