Avoiding Costly Financial Mistakes: Tips for Investors at Every Level

Making money mistakes can be scary and seem catastrophic, but experts say there are ways to prevent, or come back from, almost all of them. A lack of planning and not having specific goals are two of the most common mistakes, experts say. Paying off debt, such as your rent and bills, should be prioritized, and not having a "rainy day pot" is another dangerous yet common mistake. Poor retirement planning is an often overlooked mistake that could follow you for much of your life. Mistakes can often be fixed and aren't the end of the world, the experts say.