Avoid These Common Money Mistakes and Achieve Financial Freedom

Many Americans get basic financial concepts wrong, such as believing that carrying a small balance on their credit card each month will improve their credit score. In reality, carrying a balance can lower your credit score and credit cards are one of the most expensive ways to borrow money. Financial education is crucial, and schools are starting to require personal finance courses before graduation. Studies show that students who take personal finance courses are more likely to make better financial decisions as adults, such as tapping lower-cost loans and grants for college, having better credit scores, and being less constrained by debt. However, managing money can still be complicated, and using available technology can help.