4. Stop thinking you're not smart enough
Today, consumers must take control of their own financial lives, whether it's understanding health insurance or guiding their own 401(k) plans to invest for retirement. Even so, during the rollout of the Affordable Care Act, many consumers struggled to understand basic health insurance terms such as "deductible," a survey by the Kaiser Foundation found.
Learn the lexicon of finance to manage your money better.
"I used to catch myself saying, 'Investing is hard. I just don't understand it.' This gave me permission to avoid learning how to invest," wrote Ann Marie Houghtailing, author of "How I Created a Dollar Out of Thin Air." "Now I say, 'Investing is a skill. You just have to start small.'"
5. Stop making it hard to save
Old habits die hard, and one of the oldest habits is using checks to pay bills or make savings deposits. "Personal finance habits take longer to change than the way you might switch from one smartphone to another. That's because money is so important to us," Fred Davis, a professor of Information Systems at the University of Arkansas, told Marketplace.
Set up automatic transfers for bill payments. Also automatically have 10% or more of your paycheck sent directly to your savings account. These two steps will go a long way toward building good money habits and credit scores with little effort.
6. Stop complaining about your paycheck
Whatever energy you're spending complaining about the size of your paycheck takes energy away from finding ways to improve your bottom line. Think you're being underpaid? Negotiate a raise or at least talk with your boss to understand what's needed to see a bump in pay. If you're valued, your supervisor will see the implicit threat that you may leave for a higher-paying job. Start looking for that more lucrative gig while you're at it.
In the meantime, investigate ways to build other streams of income and seek ways to improve your skills.
7. Stop thinking more cash brings happiness
OK, money does bring happiness, but only to a point. Purchasing experiences and giving to charity have a much longer shelf life for our well-being, research suggests.