Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

The same can be said about finances – it is often the little things you do, the small actions you take, that have the biggest impact on your financial security, both in the present and in the future. So, in this article, we’re going to look at 10 small money mistakes that many people make, often unaware of the impact they are having on their financial security. A budget provides you with a financial roadmap to get to where you want to be in life.

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

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She owns Every Single Dollar , an online financial resource dedicated to helping single women make informed financial decisions and set themselves up for financial success. It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. How they sacrificed to win financially. I ended up taking Financial Peace University as well.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

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After paying off the debt, she was able to quit her job to pursue her passion. I quit my job to focus on my own stuff (blogging, painting, rental property, my iPhone app, writing Kindle books, etc.). Quitting my job is one of the things being debt free has enabled us to do. We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) Who initiated the debt free goal?

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Top Tips for Strengthening Your Money Mojo

Prairie Eco-Thrifter

That last point is a particularly worthwhile goal as worrying about money is a unique brand of distressing. There are lots of great sites, such as this one, that offer great tips on making budgets for all types of people and goals. You want to be able to contribute to investment accounts and build up a solid savings to get you through an emergency or unexpected job loss. Get Specific with Goals. You need to flesh out this goal into much more specific ones.

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