Comments on: Five Financial Mistakes That Can Cost You Significantly

By: ETF FOOL

ETF FOOL — Fri, 26 Feb 2010 08:55:20 +0000

[...] 5 financial mistakes that can cost you significantly (GenerationX) [...]

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Rewards Credit Cards, DIY Will, and Bug Out Bag | Million Dollar Journey — Fri, 12 Feb 2010 12:31:05 +0000

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By: Weekly Roundup – Social Media Edition | Start Living Frugal

Weekly Roundup – Social Media Edition | Start Living Frugal — Thu, 11 Feb 2010 10:20:48 +0000

[...] 5 Financial Mistakes That Can Cost You Significantly [...]

By: Weekly Roundup – Social Media Edition | Frugal Dad

Weekly Roundup – Social Media Edition | Frugal Dad — Thu, 11 Feb 2010 09:01:40 +0000

[...] 5 Financial Mistakes That Can Cost You Significantly [...]

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By: Dean Voelker

Dean Voelker — Tue, 09 Feb 2010 14:34:20 +0000

Thanks for posting this article. There are still way too many people out there who cash in their 401(k) plans early and may not realize the 10% penalty for withdrawals under age 59 1/2.

Spending less than you make is critical also. Easy to say, but hard for many folks to do. Jonathan Chevreau, author of Findependence Day uses the motto – “Freedom! Not Stuff.” to define Financial Independence.

By: brad@northwesternmutual

brad@northwesternmutual — Mon, 08 Feb 2010 22:13:37 +0000

Great post, Charissa, especially your points about recognizing mistakes before they happen. These days, many of us are looking to reduce risks. Financial turmoil has made things more and more complicated, and now, more people are looking to get back-to-the-basics. To me, that means spending less than you earn, keeping some cash in a rainy day emergency fund, addressing the common risks that could affect long-term financial security, and recognizing common mistakes that people make. Keep up the good work!

By: PaydayLoner

PaydayLoner — Mon, 08 Feb 2010 21:42:07 +0000

I like that phrase “lifestyle creep,” LOL! I know just what you mean. A lot of times people look at the stated cost of something and don’t figure in all the extras that will wind up going along with it. “The gym membership is only X dollars a month…” not counting the nicer athletic clothes you’ll want to buy, the parking fee or the bus to get there, the drinks you’ll buy out of the vending machine, the new bag you’ll need to carry your clothes there. After all that, it’s not really just X dollars a month anymore. Multiply that by everything you add to your budget, and pretty soon it’s way more than you meant to spend.

By: Ken

Ken — Mon, 08 Feb 2010 20:23:09 +0000

Spending less than you make …it sounds so simple yet so many miss this important tip….I’ve had this problem lately…getting a heads up on the ‘extras’ that come with owning a home…Good post.

By: Americas Uninsured (Health Insurance) | Individual Health Insurance Iowa

Americas Uninsured (Health Insurance) | Individual Health Insurance Iowa — Mon, 08 Feb 2010 16:46:41 +0000

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