smart spending

6 ways to avoid financial Groundhog Day

6 ways to avoid financial Groundhog Day
6 ways to avoid financial Groundhog Day © baranq/Shutterstock.com

When it comes to money, we tend to make the same mistakes again and again.

Kind of like Bill Murray's character in "Groundhog Day," who relives the same day repeatedly until he finally gets it right.

From piling up unopened bills to racking up card balances, as consumers, when we find a mistake we like, we tend to stick with it.

Want to escape the cycle? Here are six financial blunders consumers tend to repeat, along with strategies for finally breaking free.

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