Comments on: The 7 Biggest Money Problems Most People Have

By: 20's Finances

20's Finances — Wed, 28 Sep 2011 14:52:38 +0000

Great summary of the mistakes people make. I know many people who have made these mistakes, especially buying more house than you can afford. I am lucky to have already started retirement planning in my mid 20′s. Planning for the future early is essential to making it easier throughout the rest of your life.

By: Evan

Evan — Tue, 27 Sep 2011 01:13:40 +0000

#5 is so true. I’ve got a friend literally paying over 40k a year to go to a liberal arts, private college. She will be lucky to be free of student loans by the time she is 40, let alone have enough money to save for retirement

By: Jim

Jim — Mon, 29 Aug 2011 02:22:50 +0000

What about getting divorced? Not having a will?

By: George P Burdell

George P Burdell — Wed, 13 Jul 2011 03:56:49 +0000

This is a good list. Till recently, I could have said that I hadn’t done any of these. I wound up getting a new car a couple weeks ago. I had my old car for 10 years and was tired of putting money into it (mechanic told me last month I needed 2k in repairs).. I guess 6 out of 7 ain’t bad.

By: George P Burdell

George P Burdell — Wed, 13 Jul 2011 03:37:05 +0000

Go to a good state school and it won’t be that expensive. If you’re not a resident, then work for a couple years first.

By: Craig

Craig — Wed, 30 Mar 2011 01:42:30 +0000

I work with people filing bankruptcy, and your article is right on. I wish they taught this stuff in school!

By: Jerry

Jerry — Wed, 16 Jun 2010 10:10:07 +0000

I am guilty of a couple of those. Spending too much for college and money leaks. I have money leaks and it definitely leads to diminishing cash flow! But I’m pretty good at the other items. We have a rental that used to be our primary residence and the rent covers our mortgage, taxes and insurance. We made certain we could afford it.

By: Joel Gray

Joel Gray — Mon, 14 Jun 2010 08:25:24 +0000

This is a good post. I am guilty of some of the points that you have written. Money is just too hard to handle. It is so easy to spend it.

By: Nicole

Nicole — Wed, 02 Jun 2010 18:13:28 +0000

Paying too much for college, in my opinion is a problem very difficult to escape from. All of us want to see ourselves making it big and would not compromise on anything big. Student loans make this easier. But when it comes to paying back the loan, it really breaks the neck. The interest really piles up over the years of classes etc.

By: Net Age Web Design

Net Age Web Design — Wed, 02 Jun 2010 13:45:46 +0000

The house and vehicle fetishes are both deadly. You never ever make your money back on a vehicle, but in the long run you can hope to expect to see some return on investment on your home. Over capitalization is just crazy though, and you should beware of that.