What are some common mistakes people make with their money?

May 07, 2014

Not having enough liquid money. This money is for unexpected events that tap your pocket book. For example, if you lose your job, you will need money to pay the mortgage and monthly bills until you can replace that income. Or if there were a car accident, you would need liquid dollars to cover car repair and medical expenses. Other mistakes are not maxing out work retirement plans and IRAs and using credit cards to fund a lifestyle you cannot afford.

One thought on “What are some common mistakes people make with their money?

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