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Top 10 Financial Decisions We Regret The Most And What We Should Have Done Instead.
Financial mistakes often come down to a lack of knowledge. People often make important money decisions without thinking through the consequences, or they don’t know enough about what is on offer from different providers.
In this post, we’ll explore 10 of the most common financial blunders people make and outline what they should have done instead. This will not only help you avoid these mistakes, but also provide some helpful hints on how to get started with your own finances.
We’ll look at the following financial mistakes:
1. Not creating a firm budget
People often run up credit card bills or fall into overspending habits because they don’t set firm targets for their spending. Many people also don’t understand how they can best reduce spend, which is often the most effective way to get started with financial planning. So, let’s take a look at what you should do instead…
2. Forgetting to take into account taxes
It’s important to understand how your income and expenditure will be affected by tax rules. For example, around a third of people don’t fill out a tax return at all, which means they pay too much in income tax and not enough…
