People of any age and life experience are capable of making mistakes.
We learn from mistakes, but some of them can be so terrible that it may seem impossible to survive them.
Some of these mistakes are financial. Eight of the most common mistakes related to money are highlighted.
Overpaying for an item because of the brand name
Unfortunately, not all branded items correspond in quality to their price and especially to the brand name.
Some designs, especially when it comes to clothing, may not fit at all, meaning they will never be worn - such a purchase will be in vain and will upset the buyer.
Problems with loan repayments
As you know, banks value a good credit history in their clients.
If the payer repaid previous loans carelessly, violating deadlines and for minimal amounts, then this will be reflected in his history, which means that he will be able to get the next loan (probably necessary for an important matter) with difficulty.
Some things can be done by yourself
In that case, why pay? You can cook for yourself instead of going to restaurants, do some of the repairs (for example, hang wallpaper or paint the walls) yourself, without calling in professionals.
Moreover, not everyone needs gardeners and domestic help – if you need to save money, then you should start by understanding what you can do yourself.
Buying new cars
Many car enthusiasts are eager to immediately buy recently released cars of their favorite brands.
It is absolutely useless to do this, because these cars start to lose value very quickly – many owners understand this as soon as they get behind the wheel of a new car.
Useless savings
Saving money is undoubtedly a useful habit, but it is not always necessary. For example, when a person has debts.
Putting money aside in this case only means depriving yourself of the basic provisions in life.
Tax evasion
This is usually the case with businessmen who feel that the tax system is taking away part of their earnings.
Unfortunately, hiding from tax authorities ultimately leads to huge fines and arrests, and therefore even greater financial costs.
It's a shame to buy at a discount
There is an opinion that buying cheaper means bargaining and knocking down the price, trying to save on things that you can’t save on. This is a mistake.
The real price of each product is often lower in reality, everything else is a markup. Therefore, by asking for a discount, a person, on the contrary, takes the product for its original cost.
Accepting low wages
It's normal to talk about your salary with your employer. When hiring someone, companies usually give them the minimum salary possible, expecting them to ask for more.
To ensure that their salary claims are fair, job seekers check job postings for the same position on job sites.
No one is immune from careless handling of money. Therefore, it is not necessary to strictly adhere to all existing advice, but it is more important to follow your intuition and not make rash purchases or investments.
Earlier, businessman, entrepreneur, media manager, media expert Vitaly Kisterny told how to become a wealthy person .
