Get Insights Into The Most
Costly Personal Finance
Mistakes You Can Easily
Do you have good money habits? Are you aware of the costliest personal finance
mistakes you can make while you are young? Do you want to avoid them or change
your bad money habits? If you want to make a positive change today, this is the
report you need to read!
The team at Azoras explain the
financial mistakes you make early on
can have consequences for the rest of
your life, particularly when you need
to access credit for a house or car.
The team at Azoras explain the younger you are when you start
investing, the longer you can earn a return on your investment.
Not having a private pension is
the second most costly mistake
say the team.
Azoras explains for every contribution you make to a private
pension with a verified provider, the government adds 25%
of that figure.
For instance, if you add £100
per month, you will receive a
£25 top-up from the
Not budgeting is the quickest way to get yourself into debt
explains the report.
It says sitting down and creating a
realistic budget for the week or month
and sticking to it can save you from
wasting your money on impulse
purchases and things you do not need.
Expensive cars can impact your ability to save says Azoras, as
there is not just the car payment to consider, but the cost of
insurance, tax, fuel, and maintenance.
The team add that long-term
loans may appear low-cost each
month, but they add up if you
calculate the full term.
A representative said: “The fifth and final personal finance
mistake to avoid is getting a credit card."
"If you are disciplined enough not to abuse
it, there is no problem, but many people do
not have this discipline. With typical interest
rates over 17%, you do not want to
accumulate credit card debt,” they added.
Visit the links in the summary to find out more!