Watch Out for These 5 Financial Pitfalls

http://www.mint.com/blog/planning/watch-out-for-these-5-financial-pitfalls-0713/

 

 

 

Mistakes happen, but you can help avoid many of them with careful planning. The trick is to identify where your troubles may arise, and to take appropriate action before a small hiccup takes a turn for the worse.

Of course, you may consider consulting a personal finance professional for advice specific to your situation, but here are five common pitfalls to avoid:

1. Living Without A Budget
2. Carrying Credit Card Debt
3. Forgetting To Check Credit Reports
4. Failing To Save Money
5. Out-Of-Date Insurance Policies, Wills And Retirement Plans

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