Top Money Mistakes and Ways to Avoid Them to Build Financial Security
April is Financial Literacy Month, and a number of personal finance experts have shared with The Epoch Times their perspectives on the common mistakes Americans make when managing their hard-earned money—and tips for avoiding them.
The following examples are among the most common financial mistakes that may prevent you from reaching your financial goals this year—and beyond.
Not Having a Budget
Many people mismanage their finances by not having in place a clear budget to track inflows and outflows of money.
Markia Brown, a financial literacy coach and content creator at Money Plug, told The Epoch Times in an emailed statement that not putting a budget together makes it harder for people to identify areas where they can cut back on unnecessary spending….