6 Money Management Mistakes That Cost You Thousands
- Not Having an Emergency Fund - 68% of Americans can't cover a $400 emergency expense
- Paying Only Minimum Credit Card Payments - Costs an average of $1,162 extra per year in interest
- Ignoring Employer 401(k) Matching - Missing out on free money worth $1,336 annually
- Not Tracking Monthly Expenses - Leads to overspending by an average of $312 per month
- Delaying Investment Start - Waiting 10 years to invest costs $590,000 in retirement savings
- Not Reviewing Insurance Policies - Overpaying by $400-800 annually on outdated coverage
Avoid these costly financial pitfalls and start building wealth with smart money management strategies that protect and grow your assets.