In Discussions, Life

Habits: Learning what makes you tick

We all have habits.

Mine, is to wake up, check on my iPod Touch what I have to get done for that day, all while still lying in bed.

A new habit I saw forming, was wanting to buy a drink — hot or cold — any time I went out. If I left the house, I felt like I deserved a drink of some sort.

I’ve sort of broken myself of it (it was so hard in the summer, sweating like a pig!), and I am now aware of this urge that almost became habit-forming.

Not all habits are bad however, some can be good, such as getting into the habit of going to yoga every week.

It all became clearer when I read: The Power of Habit by Charles Duhigg.

It’s a fast read, and a great book.

How to recognize and change a habit

All habits start in the same way.

There is a CUE, a ROUTINE to address the CUE and the REWARD.


  • CUE = Cookie craving at 4 p.m.
  • ROUTINE = Walk to cafeteria at 4 p.m. to eat cookie
  • REWARD = Cookie
  • SIDE EFFECT = Bad for your wallet and waistline

If you notice yourself receiving a cue, such as in my case, going out of the house and seeing a Starbucks, my routine would be stop by the Starbucks so I can grab a green tea latte to hold in my hands while I walk around downtown, and my reward is the drink itself, although the side effect of this bad habit was it was starting to cost a lot of money.

To change this habit, you have to recognize the cue and change the routine to obtain a different reward.

Give yourself another reward.

In my case, when I went out and DIDN’T buy a drink, my routine changed and my reward was to allow myself to feel good about not buying the drink.

I would open my budgeting and expense tracking spreadsheet, feel good that I didn’t spend $3 on a drink (I like expensive organic stuff), and feel much better about my net worth staying stable.

It worked even better if I had a goal, like a dinner coming up I’d have to pay for. I’d calculate that in 10 times I didn’t buy a $3 drink, I more than paid for that dinner.

I also mentally felt better (less sugar in my body), and had money for other more useful things.

A treat is best left as a treat, not as a routine.

Where to learn more about this

If you want a preview (or maybe don’t want to buy or borrow the book), here are some videos you can watch instead.

This video by Mr. Duhigg is 40 minutes long.

….but a shorter version (4 minutes) is here:

Share Tweet Pin It +1

Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

You may also like

Previous PostCardboard bicycle for $20
Next PostHong Kong and Macau 2012 Total Cost and How We Saved Money

2 Comments

  1. The Asian Pear

    Thanks for posting this. This book is on my To Read list for awhile now. I appreciate the synopsis. I’ll try to get it soon. Seems like an interesting read. Right now, I’m reading Made to Stick by Dan & Chip Heath. It’s a good book as well and would recommend it.

    Reply
    1. Mochi & Macarons

      I have that on my list 🙂 There are SO many good books out there!!!!!

      Reply

Leave a Reply

In a nutshell…

Save. Spend. Splurge.
[ wealth. style. minimalism. ]

——

MOST DEBT: cleared $60K in 18 months

MONEY: Hit $1M personal net worth At 36

NEW GOAL: $1M in invested assets

FAVOURITE DAY: payday

HATES: being late & lazy people

SOCIAL: Instagram @saverspender

DRINKS: homemade matcha lattes

SLEEPS: on a 100% cotton U.S.-made futon

WRITES: Books (also available on Amazon).

BEAUTY: swears by Paula’s Choice

——

…but you can read more about me , browse my index of posts, or get in touch with me, talk to me directly on Instagram, and of course, ask me anything here.

$35 The Wealth Building Tool

Like a Boss Library (Sherry’s Books)

Referral Codes

Free Money Surveys
[ Use this link ]



Webhosting
[ saverspender ]



Shopping Cashback
[ Use this link ]



Clothing Resale


[ SHERRYISH ]



Private Lending
[ 7b03f0 ]



No-Fee Banking
[ 32726976S1 ]



Discount Brokerage
[ o0soehds ]



Social media scheduler
[ saverspender ]



Blog Ad Network
[ Use this link ]



Disclosure

Save. Spend. Splurge. uses affiliate links from Shopstyle, and Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com or ShopStyle. In addition to these, any referrals on the page will result in revenue if used such as BlueHost.

In English: If you click on a link, I could get a small commission, typically a few cents. And if you use a referral code, I could get anywhere from $10 – $70 for it. Thank you for your kind support!

Also, I am not a professional investment advisor or money manager by any means.

I am just a woman who loves money, talking about money, and making money.

All opinions expressed on this blog are personal and for entertainment value. Take them with a grain of salt and always consult a professional when in doubt.