3 big financial mistakes you don’t want to make

first_img 40SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr I’ll admit that there is no such thing as a perfect financial plan. While it may be difficult to achieve perfection in our planning, there are things we can do to avoid making the big mistakes. Here are three examples of financial mistakes that people often spend decades trying to recover from: Thinking that you don’t need a budget (or it’s impossible to follow one for your situation)“I know that budgeting is important, it just hasn’t worked for me.”“It’s too hard to follow a budget.”“I have a general idea of where my money is going but not a written plan.”Similar statements are shared in financial planning meetings and during meaningful discussions between friends and family on a regular basis. We all have life goals and a vision for how we think our money should be aligned with those things that matter the most to us. The problem is that the lack of a budget is a major obstacle standing right there in the middle of our path. continue reading »last_img

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