When it comes to money, every single person makes mistakes sooner or later. Personal finance lessons are usually learned through experience. It is important to understand your mistakes and not to repeat them. We have gathered 6 biggest financial mistakes most people make, which you should definitely avoid.
#1 – Spending More Than You Earn
This is one of the most crucial mistakes people make. It doesn’t really matter if you’re making $30,000 or $100,000 a year – if you can’t live within your means – you’ll end up in debt. It’s definitely hard to cut back on certain things like eating out or getting the latest smartphone, but it’s something that has to be done if you plan on making progress in your financial situation.