10 Biggest Money Mistakes Almost Everybody Makes


BANGALORE: Making mistakes is very common in every individual’s life but when it comes to money, you need to be extra careful. Money is not cheap; it is hard earned and so you ought to be careful while handling it. However, it’s true that money management is not everyone’s cup of tea, planning, organizing is important, and so most of the people hire financial advisors for help. Here is a list of 10 money mistakes that people often make:

Mistake#1: Not living on budget

How many people you think are living on a budget? Well, the answer is very few. Budget is the first step towards financial stability. There is a wrong conception among people that, if you start living on a budget you need to sacrifice many things. But the actual fact is by preparing budget you will be able to save more and spend less. Making a budget is not a huge thing it is actually the difference between your income and expenses. Your future financial situation totally depends on how well you plan your current finance. Henceforth, it is advisable that you maintain and update your budget at least once in a month so that you can track your monthly expenditures. Just making a budget will not help try to stick to it.

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