5 financial planning mistakes everyone should avoid

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2. Acquiring high/bad debt

Preventing yourself from overspending is one way to to stop worrying about your financ

You can take loans to meet certain financial goals. It isn’t a bad idea at all, but how you manage the loan payment matters a lot.

Personal loan, home loan and car loan should be kept to a minimum. Don’t take loans that will break your back financially and sap your strength in meeting others important goals. When you’re applying for loans, also apply moderation.

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