7 Financial Mistakes To Be Avoid
Signing Up For A Rental/Mortgage That’s Too Much Of A Burden:
If you choose a place that leaves you with only a little money, you will be stuck to spend most of your time at home. You are also more at risk of accumulating credit card debt for making up the difference in your lifestyle or paying for unexpected costs, like maintenance.
Misunderstanding Credit Cards:
Services like Paypass are making credit cards even easier to use. But credit cards are often misunderstood by youngsters as small purchasing decisions often leading to long-term problems. Whether it’s cash advances, large balances, making minimum payments, paying late or not paying at all, the small piece of plastic can be much more trouble than you realized. There are also too many signing up unnecessarily increasing your limit and wrecking your credit rating.
Credit card debt is spending your future income before you have earned it.
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