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Faith and Finances provides Christ-focused financial teaching and approaches each financial topic with the premise, "What does the Bible say about that?"

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How to Avoid These Five Money Mistakes

Jul 12, 2019

When you were growing up, you may have been encouraged to "learn from your mistakes." There is certainly wisdom there, but when it comes to money, there are mistakes you do not want to learn from - you want to avoid them.

 

In This Episode, We Look At:

Some money mistakes can be so devastating that there is no recovery, or they may require years to recover from.

Today we review five money mistakes that others have made and that you can avoid.

  1. Using funds from your 401(k) for today's expenses or "emergencies."
  2. Waiting too long in life to begin paying yourself.
  3. Operating without a budget
  4. The new car habit.
  5. Allowing lifestyle creep.

 

Resources and Links:

Tim's Blog has many helping posts on these issues.

 

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