The material presented here is for educational purposes only and is not intended to be used as financial, investment, or legal advice.
The 10 Common Money Mistakes Everyone Makes
No one’s perfect, especially when it comes to managing your finances. Learn about the most common money mistakes and how you can bounce back after a less-than-amazing financial decision. Whether you’ve got mountains of credit card debt or you YOLOed out of keeping a budget, you’re not alone.
Here’s a little secret: Everyone makes money mistakes at some point in their life. Sure, there are plenty of Fortune 500 CEOs and celebrities living the good life now, but many others overspent and lost it all. And don’t forget that the YouTuber who paid off $30K of credit card debt in two years made the mistake of getting buried in the first place. So if you made a few financial fumbles so far, you’re not alone!
We’re counting down ten of the most common money mistakes that nearly every adult makes at some point. Starting with one of the earliest…
The upside of making money mistakes is that you can learn from them. In fact, experiencing a financial loss firsthand is one of the best ways to ensure you won’t make the same miscalculation again. As they say, to err is human. But learning to avoid serious money mistakes before they happen feels divine. If you need a little extra help, check out the videos and other resources in our Financial Support Center.
Find out how to cut back without compromising your happiness in our financial minimalist guide.
LET’S GET MINIMAL
1https://www.newyorkfed.org/microeconomics/hhdc/background.html
2https://www.marketwatch.com/story/youre-spending-more-on-your-subscription-services-than-you-think-2018-07-25