You probably already know the three big mistakes most people make: not having a budget, carrying large credit card debt, and not saving for retirement. But there are some other everyday mistakes that you might not realize.
Knowing these financial pitfalls can lead to a more stable life and help you plan for retirement. Here are 11 financial mistakes that you should recognize and avoid.
1) Buying That Shiny New Vehicle
Car payments are insidious. They erode your monthly income. Buying a new vehicle instead of a used vehicle costs more than you think.
The average new vehicle ticket in 2022 is inching up to $50,000. In contrast, although prices are high, a used vehicle will generally run you $34,000. That’s a big difference….