Common financial mistakes series: Wrapup
Over the past several weeks I’ve detailed some of the financial mistakes that many people make. Knowing them ahead of time means that you’ll be more likely to avoid them; and avoiding them can save you many, many thousands of dollars. In summary, here are ten very common financial mistakes:
1. Not paying enough attention to your money.
3. Paying bills late, due to lack of organization or forgetfulness.
5. Not having an emergency fund.
6. Quitting a job to stay at home or pursue a dream.
7. Not discussing finances before joining households.
8. Spending tomorrow’s earnings today.
9. Not carrying health insurance.
10. Not asking for regular raises.
It’s interesting to note that many of these mistakes involve not doing something. We often think of it being risky to take action, but in many cases the risk of not acting is even greater.
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