Most money problems come from the same mistakes. Here are 15 to avoid.
Spending Mistakes
- Not tracking spending: You can't fix what you don't measure
- Lifestyle inflation: Spending every raise
- Subscription creep: $10/month × 20 services = $200/month
- Impulse buying: Buying before thinking
- Keeping up appearances: Spending to impress others
Saving Mistakes
- No emergency fund: One surprise = new debt
- Saving what's left: Save first, spend what's left
- Not automating: Willpower fails; automation doesn't
Debt Mistakes
- Only paying minimums: You'll pay forever
- Ignoring interest rates: 24% APR is an emergency
- Co-signing loans: You will pay
Planning Mistakes
- No budget: Flying blind
- Ignoring retirement: Future you needs money too
- No financial goals: Saving without purpose
- Not talking about money: Especially with partners
Start with tracking. Use Pocket Clear to fix mistake #1 today.
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