Biggest mistake in financing

[Kera]

One of the biggest mistakes in finances is spending to impress people. It is always a regrettable action for anyone that dares does that.

 

[Starmix]

One biggest mistake on financing is financing other's business without a collateral. There's no assurance of. money to return or paid.

 

[Rubz]

One of the biggest mistake in financing is not having an emergency fund. This can lead to debt and financial stress. Another one is not diversifying one's income. It is not right to always put all of one's in one basket as the saying goes.

 

[Starmix]

There might be many mistakes committed in finking, all we have to do is to be cautious not to repeat the same mistake again.

 

[Kerryjoy]

The best way to avoid big mistakes is to take things seriously and be discipline always, especially in spending funds and not forgetting, being consistent in anything you do for money.

 

[Starmix]

Let us be cautious all the time. Do list on what to spend rather than buying on the spot that may harm your goals to save more.

 

[Hate2Wait]

There are times when we feel assured of our expenses but we need to manage well so there is no mistake or miscalculation as it can hurt us badly

 

[Starmix]

There are many mistakes in financing big or small and as the concerned person you have to stop and correct it.

 

[Springtime]

I also think that I have made the mistake of not started saving and investing when I was in the 20s. I did it when I was in late 30s.

 

[Starmix]

We cannot avoid to commit mistakes in the future especially financing. We might be overwhelmed with our income forgetting the self control of spending.

 

[freelancermaria]

Yes, I made the mistake of not saving and investing at a young age because I thought they were unimportant. However, as I got older, I realized their importance, especially when I hit rock bottom.

 

[Ratine]

For one to make good financing, they should have some skills for doing that.

 

[Unyime]

The biggest mistake in financing is giving out financial assistance to those that don't have integrity to pay back.

 

[cherry123]

The mistake here will be investing in a thing you don't understand you would lose money very fast in it

 

[Kera]

The biggest mistake in financing is when one takes a loan that the monthly repayments is more than his source of income.

 

[Starmix]

It is not good to be wasteful especially if the money originated is from financing There is interest to pay and if you intend to have it as capital make sure to gain.