Most
people hate to admit it, but everyone makes mistakes. The
good news is that these mistakes can be tremendous learning
experiences. Here are some common money mistakes that people
often make but we hope you’ll avoid.
Buying
something because “everyone has one”
Peer pressure. It’ll get you every time. Ask yourself
if you really need it, or if it’s a fad that’ll
pass in a week.
Not paying credit cards off every month
The interest charges just keep adding up, then you start
paying interest on the interest.
Not saving regularly
Every time you get some money, put part of it in your SST
account. Make it a habit and before you know it you’ll
have a small fortune.
Writing PINs on an ATMor debit card
It’s supposed to be a secret! If someone else gets
hold of it, they’ll drain your account.
Giving out your
Social Security number
Never use it for identification purposes. If the college
or university of your choice wants to use it as your student
ID ask if they can assign you a different number.
We often
learn from our mistakes, but sometimes it’s less painful
to learn from other people’s mistakes. AltaOne hopes
you learn the easy way and not make these common
and unfortunate mistakes. |
