5 Personal Finance Mistakes of 2017 that you should avoid in 2018

Lack of organization can harm your finances as much or more than being short on cash.Few people have a firm grip on their personal financial situation. this interesting article might teach you a lesson.

(C) Pinterest

(C) Pinterest

Everyone make some financial mistakes because of the complex personal finances, and they learn from the past financial mistakes after paying price for the same. Financial experts say that “Listen only to your mind” while making any financial decisions”. The biggest problem with people which in turn is sole reason for committing financial mistakes is “FREE ADVICE”. Many people give free advice even when they don’t have the full knowledge about that particular thing. This can be in anything such as in insurance, stock or an investment. For an example you ask a bank employee which insurance product is suitable for you. Now you can’t expect genuine advice from his end he will suggest you the one for which he need to complete the target. One should always take their own financial decision because he/she is the only person who knows the needs, requirements, eligibility and priorities 100% accurately. If you need help go to the professional advisory and pay them for their help.

Your future financial condition will be a direct result of the financial decisions you take today. A poor financial decision or mistake has a very strong chance of severely impacting your future finance.

The Financial Mistakes of 2017 that You Should Avoid in 2018

  • Spending excessively or living beyond your means

People often go to restaurants more often than their wallets allow or pay for lavish birthday parties, marriage anniversaries or even to some holiday trip that empty out their pocket along with the bank account. Living beyond your means and spending more money to impress others is a financial black hole.

Read more: https://financebuddha.com/blog/5-personal-finance-mistakes-2017-avoid-2018

 

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