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Home›Saving and Spending›13 Financial Mistakes That Can Ruin You

13 Financial Mistakes That Can Ruin You

By Our Editorial Team  |  Published November 1, 2019

Expert Verified

Our editorial team verifies all financial and lifestyle information for accuracy and relevance to senior living.

 

Financial Mistake
Photo by Andrii Yalanskyi at Shutterstock

Minimum Payments on Debts

Debts are undoubtedly the most daunting aspect of making financial mistakes. They can feel like a neverending burden, and a lot of Americans don’t even consider that they can finish paying them off. Just thinking about interest rates should make you reconsider. Imagine how much you could do with that money. 
It’s pen and paper time. Write down some things you’d like to do and purchase. Then take a good look at your interest and check how much you’re wasting when you could put that money into good use. Shocking, right? Does it cover your wishes? 
Well then, take this opportunity to tackle your debt. Once it’s gone, you’ll be able to breathe a bit more easily. 
And speaking of financial mistakes, check THIS out!

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