HUGE MONEY MISTAKES TO AVOID
This article will discuss the biggest financial mistakes I have made over my lifetime. Most of them are common mistakes that many people make.
Falling into debt is NOT one of them if you think I am going in that direction.
Failure to start investing at an early age.
I did not start investing in my twenties. Part of the reason is that I didn’t make much money in my twenties. Stashing away and investing even little chunks of money early enough can take advantage of compound interest and turn into a substantial amount of money.
Contributing too little to my 401K plans.
I usually only invested up to the company match. That is the minimum that one should invest. That 401K can save you on taxes and grow into a nice sum of money. Invest what’s comfortable into your 401K and take advantage of it.
Remember that you can always change the contribution amounts as needed.
Keeping way too much money in my bank accounts.
Nice problem to have!
It was great that I was able to save money most of my life. I grew my bank accounts, but I never put the money to use. I already had enough for emergency funds and interest rates on…
