5 financial planning mistakes everyone should avoid

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3. Skipping saving while you’re paying off debt

Spending problem can seriously affect your personal finance.

You can’t afford to ignore the loan you get to get something done. It is a debt for you. The moral and legal obligation to settle is debt is on you. However, when you’re paying your debt, try your best to save no matter how small. Set aside some money as an emergency fund, as this can help you reduce the temptation of getting more loans when an emergency happens.

4. Delaying when you start to save

Saving and investing early help to avoid financial stress at old age and if you don’t that, it is important you start saving as soon as you get your first job. Never delay saving because delay they say is dangerous.