Thursday, March 23, 2017

Money Crashers: 4 Worst Financial Mistakes

This is the second of my articles based on the Claris Finance survey about financial decisions. It's based on two sections of the survey: one that asked people about their worst financial decisions, and one that asked them what advice they'd give to a younger version of themselves.

In real life, of course, it's not possible to go back in time and steer yourself away from future mistakes—but it is possible to guide others so they don't make the same mistakes. So this article is aimed more at younger folks just starting out on their financial journey. First, I warn them about the decisions they're most likely to regret later in life, such as overspending, racking up debt, and avoiding investment. Then I point them toward strategies that can help them avoid these mistakes, such as making a budget, eating out less, and taking advantage of automatic deposits.

For those who are older and may already have made some mistakes of their own, this advice can still be helpful. For instance, it may be too late to avoid getting into debt, but it's not too late to get out—and the suggestions in this article can help you do it faster. Get the details here: 4 Worst Financial Mistakes Young People Regret & How to Avoid Them

And lest you think I'm being too much of a negative Nelly, don't worry: there's a third article in this series coming out soon, which is all about the best financial decisions to make—particularly for young folks, but for the rest of us, better late than never.

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