4 Financial Mistakes to Avoid- Personal Finance

financial mistakes

As we either are entering or have entered and left our 20’s that is the time when we are really starting to step out on our own and make money.  Now, if only we had all been forewarned to avoid these 4 Financial Mistakes.  Head on over to The Daily Muse and read more on these mistakes then share with the 20 somethings in your life!

And check out some of Erin’s other favorite personal finance websites…

  • LearnVest – Daily newsletter that is packed with money-saving tips and financial how-tos to enrich your life.
  • Mint.com – Awesome infographics that explain the ins and outs of personal finance.
  • Dave Ramsey – Financial counselor that has helped millions get out of debt and find financial peace and freedom.


  1. says

    My husband and I have been following the Dave Ramsey program for almost 3 years now. We’ve paid off over $20,000 in debt so far. We have a ways to go, but without help from Financial Peace, I never would have believed we would have made it this far.

  2. says

    Great tips. I think they should teach personal finance in every high school in America, but unfortunately that doesn’t happen. Often these mistakes are made without people even realizing it.

    • says

      I agree with you, people should be made aware of Financial Responsibilities in as early as high school so that young people may learn how to deal with their expenses and face the future more able.

  3. says

    Personal finance is taken for granted and often overlooked as “important.” This is great information. The past couple of years my husband and I have really had to take the bull by the horns so to speak so that our finances wouldn’t spiral any further out of control. We are now back on track and credit card free for three years now. We are a “cash only” family (including debit cards).

  4. says

    There were no need to forbid the activity of lending stores at
    all as a lot of people still consider them useful in case of emergency.
    The only vital point that borrowers should keep in mind is, online loans are short
    term financial help and they needs to be payback after specified amount of time.

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