The Common Financial Mistakes People Make
People makes mistakes in life. Lets have a look at some of the most common financial mistakes that people makes unknowingly. and because of the mistakes they face major financial difficulties throughout the life.
Here are the financial mistakes professionals make:
1. People buy endowment / ULIP plans instead of a plain term plan.
2. No financial adviser for any investments.
3. Not having an emergency funds.
4. No Medical/Health Insurance
5. Trade on stock market without knowing anything about market.
6. Letting other spouse manage the money (investment) without your involvement.
7. Over spending without investing
8. Addiction of credit card swiping
9. Buying life style (car/ phone/second home) on Loan
10. No plan for the future
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