The first step in securing your financial future is to make a plan. But once you have a plan, or even if you are in the process of creating a plan, there are pitfalls that you must avoid. The following list is 11 common financial planning mistakes that many people make. If you’ve made these mistakes, don’t feel bad as many others have as well. If you haven’t made them, then take notes so you can avoid them.
Common Financial Planning Mistakes To Avoid
#1. Not Taking Action On The Plan
Sadly this is the most common financial planning mistake. You put all the time and effort into creating your plan and get excited thinking about your financial goals and dreams becoming a reality. Then you take a week off. That week turns into a month. Next thing you know, you have completely forgotten about your plan. Make sure you don’t stop once your plan is made. [Continue reading]