Are you unconsciously
sabotaging your finances? Little things such as
mailing your credit card payment at the last minute
or tossing your unopened bank statement in a drawer
can cause financial reverberations for years to
come. Here are the top five money mistakes people
make, with antidotes for each.
No. 5: Ignoring your credit
record
Poor credit costs -- a lot. Your credit rating affects
the interest rate you'll pay for credit cards, personal,
auto and mortgage loans, plus insurance premiums.
Debt is like hot sauce -- fine in small doses, but
too much is playing with fire. Too much debt can lead
to health issues, strain relationships and ruin personal
goals.
Tossing bank statements in a corner carries
a price. Fees quickly rack up for insufficient funds
or a too-low account balance when we lose track of how
much money we have.
