Common Money Mistakes Even Financial Experts Won’t Tell You About!
People make plenty of money mistakes in their lives. People are prone to get even more careless with money when they receive an unexpected windfall, like a lottery jackpot. What’s more, there are some mistakes even financial experts won’t warn you about. Learn about those common money mistakes, so you can avoid making them-
Blowing A Financial Windfall
The biggest mistake anyone can make is blowing a financial windfall. People see a large amount and think that it allows them to buy whatever they want to. But what they don’t realize is that any amount of money is limited. Since it is a one-time income, they can’t replace the money they spend and eventually, they will run out of money (unless they make careful investments). A financial advisor will tell you when and how much to spend but they won’t tell you where NOT to spend!
Living Above Your Means
People making an average of $30,000 a year manage everything in