investing

6 personal tales of bad financial decisions

Recovering from financial folly
Recovering from financial folly © Wavebreakmedia/Shutterstock.com

Most of us have done it at some point in our adult lives: Made one (or more than one!) really bad financial decision -- the kind of decision that, in hindsight, is so blatant we wonder how it ever happened.

There is the credit card debt kind of mistake that takes years to build. Or, there is the investment scam we sunk a big chunk of money into without fully vetting.

A bad financial decision also could be the result of a toxic relationship that sucks the joy out of life and the money from your bank account. While money mistakes can be costly, they also can be eye-openers. Here's how six people describe their own bad financial decisions and what they've done to move forward.

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
1 Year CD 0.97%  0.01 0.96%
2 Year CD 1.18%  0.01 1.19%
5 Year CD 1.67% --0.00 1.67%
 
View Rates in your areaSearch
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

Move money to retirement account?

Dear Liz, Can I convert my regular investment account to a retirement account so that an investment made in that account is not taxed? If so, what type of retirement account can I choose? -- Jennifer Dear Jennifer, It's... Read more

advertisement

Blog

Jean Chatzky

Jean Chatzky: Learn to love stocks

These four steps can help get you started in the market slowly, but smartly.  ... Read more

Partner Center
advertisement

Connect with us