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Five Money Mistakes You Will Not Make in 2015

avoiding financial mistakes

The holidays are meant to be time spent with the family, to relax and to recharge for the upcoming year. Now that the year has barely started, it is a good time to plan what you want to achieve. Since I don’t like the word “resolution” I will use the word “goal”. Setting goals is crucial if you want success in all aspects of your life: financial goals, personal goals, fitness goals, travel goals, etc. For 2015, here are five things you should swear not to do: 1. I will not carry a balance on my credit cards Your first goal should be not to carry a balance on your credit cards so you can avoid very expensive debt. With an interest rate that can go up to 20%, credit card debt is something you want to stay away from. If you already carry a large balance on your credit card, you should cut back on your expenses and dedicate a portion of your salary to pay it back. To make your life easier, you could program automatic deposits to your credit card. For example, if you earn 500$ per week, you could setup an automatic payment of 50$ the ...

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