You work hard for your money — so why let rookie mistakes drain it away? Some habits might seem harmless, but they quietly sabotage your financial progress.
If you’re still holding onto these outdated or impulsive moves, it’s time for a serious reality check. Let’s stop the bleeding and plug those money leaks before they cost you even more.
Pro Tip: Are you earning as much as possible on your emergency savings? Change that immediately. For example, SoFi Checking is offering 3.8% interest, plus a potential $300 signup bonus. (May change without notice.)
1. Letting high-interest debt pile up
Credit card debt can feel manageable — until it’s not. With interest rates often above 20%, even a small balance can balloon into a massive financial burden.
If you only make minimum payments, you could be stuck paying off debt for years.
Pro Tip: If you have more than $20,000 in unsecured debt (like credit card debt), get some professional help. National Debt Relief is a trusted source for free advice and assistance.
2. Ignoring your health care savings
