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
advertisement
CD & INVESTING NEWSLETTER

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

CDs and Investment

Mom earns little from savings

Dear Senior Living Adviser, My mom lives on her Social Security income just fine but has around $100,000 sitting in a savings account! She does not want to take any risk. Any ideas? -- Deb Depositor Dear Deb, It's great... Read more

advertisement

Blog

Sheyna Steiner

Last week a bunch of 401(k) investors freaked

Goosed by stock market losses last week, some 401(k) investors sold out of stocks and bought fixed-income investments, HR consultant Aon Hewitt reported.  ... Read more

Partner Center
advertisement

Connect with us