50 Common Financial Mistakes September 23, 2009
Posted by BDO in Budgeting Concepts.Tags: beating, budget, Debt, emergency, expensive, failure, finance, mistakes, plan, quick, retirement, rich
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Here are a couple great mistakes Consumer Jungle found that many people do that negatively affect their financial health.
5. Buying too soon—that is, buying something on credit instead of waiting until you have the money saved up
6. Not having emergency savings
12. Not saving early enough in life for retirement
16. Having a “get rich quick” philosophy rather than a “get rich slow” strategy
17. Lack of budgeting
31. Buying too expensive of a car
49. Being afraid to ask for advice
And I would add two more,
“Not giving to those less fortunate.”
“Failing to plan for future gift giving for holidays and celebrations.”
To read the full article, click here.
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