Worst Financial Mistakes that Could Haunt you for Years

November 24, 2009

Author: William M. Davis

Everyone makes errors, especially in finance, but some prove to be more costly than others. Such financial mistakes could haunt you for years or even your entire lifetime. Let us see some of them here:

Using Credit for Basic Living Expenses: A recent survey reported that 4 out of 12 months, credit card debt was used for basic living expenses in 1/3 of American families on an average. And, half of these people missed or made late payments at least once last year. This is highly dangerous as credit card debts are difficult to pay off and have huge interest.

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