Advertising
Advertising

10 Money Mistakes You Can Easily Make

10 Money Mistakes You Can Easily Make

It would be hard to go through life without ever making a money mistake. Making a money mistake isn’t always a bad thing though. You need to recognize that you made an error and making a correction to change for the better. Here are 10 possible money mistakes that you can easily make.

1. Not having retirement or investing on your mind.

Many people think to themselves that they have plenty of time to save for retirement and that they don’t need to start just yet. However, that is not always the best way to think about retirement. Saving money now can help you down the road because every little bit counts.

Advertising

2. Not having a will or trust.

Going without a will or trust is not a good idea. You want to be able to determine what happens to those you love and what happens to the things that you have if something were to happen to you. Also, setting up a trust can help your family out if you don’t think that they will do what is best for them with the money that you leave them. This way you can continue to take care of your family if something were to happen to you.

3. Having debt.

Regardless if you classify your debt as “good” or “bad,” if you are paying a high interest rate because of your debt and losing money, then this is probably a money mistake. If you can’t earn a higher return for your money, then you should be paying off your debt as fast as you can so that you can start earning a return on your money.

Advertising

4. Not thinking about an emergency fund.

Do you have an emergency fund? Some say that you should have $1,000 (if you have debt), others say that you should have six months. You need to determine what is right for you and what you feel comfortable with. A good emergency fund can protect you if an unexpected expense were to come up. An emergency fund may be saved to cover a job loss, home repair, a cut in hours and so on.

5. Going without insurance.

Going without insurance can be one of your money mistakes that you make. You should always try to have some level or car insurance, health insurance and life insurance. Going without these forms of insurance or an adequate level could mean that you will have to pay a large expense if something were to come up.

Advertising

6. Not saving money.

Are you spending more money than you bring in each month? You should be aiming to save money each month and not spend every single penny.

7. Going without a budget.

No matter how much money you make, you should have a realistic idea of what your income and bills are each month. If you are making $200,000 every year and spending $200,000 every year, then you are not doing the best even if you think you are. Having a budget can show you where you are making mistakes and where you can possibly improve.

Advertising

8. Lending money to others without thinking about the consequences.

If you ever lend money to others, then you really need to think about the consequences. Whether you lend cash directly to them or you cosign on a loan, there are negatives that could possibly happen. You have to be prepared to lose when lending money to others.

9. Using credit cards as a form of income.

There are many people out there who are bad with credit cards and use it as a form of income. If you think that you will rack up credit card debt, then leave your credit card at home! Also, only buy what you can truly afford.

10. Trying to keep up with the spending of others.

Do you find yourself spending more in order to keep up with the spending of others? Maybe someone bought a big house and you feel the need to buy a big house as well. Whatever the case is, you should analyze why you actually want something, especially if it is a big purchase. You should learn to be happy with yourself and realize that material purchases do not make you a better person.

More by this author

Michelle Schroeder

Michelle is a personal finance expert. She earns $1 million per year while sailing.

How to Stay Motivated If You Don’t Really Like Your Job 10 Ways To Always Be Yourself And Live Happily 6 Things Highly Effective Leaders Do Differently 30 Things You Need to Try at Least Once While You’re in Your 20s 10 Things Successful People Do Differently To Reach Their Dreams

Trending in Money

1 40 Healthy And Really Delicious Meals You Can Make Under $5 2 Life Insurance: A Secure Way To Protect Your Future. 3 How To Save Money On Groceries: 13 Quick Tips 4 10 Investment Tips For Beginners 5 Top 6 Hacks on How To Build Credit Fast

Read Next

Advertising
Advertising
Advertising

Last Updated on April 19, 2021

40 Healthy And Really Delicious Meals You Can Make Under $5

40 Healthy And Really Delicious Meals You Can Make Under $5

Ever had those moments where you really wanted to eat something delicious and healthy but didn’t have the financials means to do so? Whether you’re a student or parent, this compilation of 40 great, healthy, and inexpensive recipes will make every night special and help you get fit! No more meals where you have to force the food down! It’s time to make that budget your best friend and turn it into great recipes. Enjoy!

1. Fish Tacos in Crunchy Shells ($3.56 per serving)

Is there a better way to end the day than a Fish Taco dinner filled with protein and nutrients and is easy on the wallet? This recipe calls for a boys’ or girls’ night in front of a good movie or game.

3080

    2. Mini-Meatball Noodle Soup ($3.43 per serving)

    We’ve heard of the delicious spaghetti and meatballs recipes, but imagine having that same meatball goodness in a soup? It’s like Christmas in a bowl. Healthy, warm, and only $3.43 per serving.

    3069_0

      3. Spaghetti and (Vegan) Meatballs ($2.13 per serving)

      Now it’s time to look at the traditional spaghetti and meatballs recipe, but with a little twist: vegan meatballs. This way, you can enjoy the Italian tradition without adding on the extra calories. I’m sold!

      3074_0

        4. Kabocha Squash and Lentils ($3.12 per serving)

        Absolutely delicious way to end the day with a Kabocha Squash and lentils dinner. The beauty of this recipe is that you can actually make many other things from the mixture, from dips to full-on meals. All under $5 per serving.

        Photo-Oct-26-21-e1414441326306-225x300

          5. Baked Coconut Lentils ($0.91 per serving)

          Coconuts are always a good idea, but it doesn’t have to be eaten only for dessert or breakfast. With this great recipe, you can now eat a lunch or dinner filled proteins and a coconut twist. Yum!

          3077_0

            6. Easy Marinated Roasted Chicken ($3.40 per serving)

            We love chicken and at less than $5 per serving, we are in heaven with this recipe. Add some vegetables and rice on the side and you’ve got yourself a full meal!

            3078_1

              7. Organic Greens and Goat Cheese Gratin ($2.36 per serving)

              This is absolutely divine. You get in your healthy greens and your fat macros with this great recipe. Takes only a few minutes to make and it’s easy on the wallet. Bon Appetite!

              Advertising

              3068

                8. Beef Pot Roast ($3.22 per serving)

                One word: perfect. This meal will warm your insides and fill you up with the high protein content.

                3079

                  9. Fajita-Style Quesadillas ($0.43 per serving)

                  If you want to eat Mexican tonight but want to stay in your budget, this Quesadilla recipe is your best friend. It’s tasty and filled with healthy ingredients for less than a dollar per serving.

                  R172184.jpg.rendition.largest.ss

                    10. Fish Tostadas with Chili Lime Cream ($2.82 per serving)

                    Another great lunch idea for the busy days ahead. Prep this in the morning or the night before and you’ve got yourself a healthy and cheap lunch meal!

                    R131419.jpg.rendition.largest.ss

                      11. Beef and Black Bean Chili ($1.36 per serving)

                      Might not look like much, but this amazing chili is actually extremely healthy for you. The protein from the beef and the carbs from the black beans will fill you up in no time, and keep you full for a long period of time. Delicious and warm, just right for the winter!

                      RU193781.jpg.rendition.largest.ss

                        12. Crispy Fish and Peppers ($2.18 per serving)

                        Amazing recipe for anyone looking to change up their meals while keeping their macros in check and not going overboard on spending. Satisfies your crunch tooth (see what I did there?) and gives you all the protein you need to stay full and lean.

                        R150828.jpg.rendition.largest.ss

                          13. Vegetarian Gumbo ($1.50 per serving)

                          You have the perfect macro mix here with the carbs, fats, and proteins. At less than $5 per serving, you’ve got yourself a meal that will last for the whole week!

                          R058526.jpg.rendition.largest.ss

                            14. Mexican White Bean Soup ($0.99 per serving)

                            With the cold weather creeping in, it’s not a surprise that soups are coming back in style. This great Mexican White Bean Soup dish will keep you warm for winter without making a hole in your pocket.

                            RU191493.jpg.rendition.largest.ss

                              15. Black Beans with Mango & Cilantro ($0.38 per serving)

                              Mangoes make every dish a little bit sweeter, which is why we absolutely love this recipe. A normal rice and bean dish might be a little meh, but add the sugary taste of mangoes and you’ve got yourself a party!

                              Advertising

                              Black-Bean-Cilantro-Mango

                                16. Bean Burritos ($0.71 per serving)

                                If you’re having people over tonight and don’t want to spend too much time or money on food, this dish is a great option! You can even cut up the burritos into pieces and make finger foods while everyone’s watching the game or gossiping.

                                IMG_4791

                                  17. Five-Spice Beef Kabobs ($2.43 per serving)

                                  The spices in this recipes add a delicious twist to the beef kabobs, which is definitely worth trying!

                                  RU173795.jpg.rendition.largest.ss

                                    18. Cornmeal Crusted Pork ($1.92 per serving)

                                    If you like the fried crunch but want to opt for a healthier alternative, cornmeal is your man. This healthy recipe will satisfy all your fried desires without making you pop open your pant’s button.

                                    R102170.jpg.rendition.largest.ss

                                      19. Chicken, Tomato & Cucumber Dinner Salad ($2.57 per serving)

                                      Easy to do, extremely healthy, and super delicious. A must-try!

                                      RU172118.jpg.rendition.largest.ss

                                        20. Lentil Soup with Beef and Red Pepper ($1.90 per serving)

                                        I can’t believe how cheap this meal is, especially for all the nutrients it contains. You can make a big pot on Sunday night and divide it into small portions to last you a whole week.

                                        RU202653.jpg.rendition.largest.ss

                                          21. Smoky Mushroom Stroganoff ($1.90 per serving)

                                          Craving pasta but not sure what to top it off with? How about smoky mushrooms with a twist?

                                          R131417.jpg.rendition.largest.ss

                                            22. White Bean Tuna Salad ($1.36 per serving)

                                            You can add this White Bean Tuna Salad in your sandwich or just eat it as-is for a quick lunch on a busy day.

                                            RU206151.jpg.rendition.largest.ss

                                              23. Sausage Eggwiches ($0.80 per serving)

                                              Who says you have to eat fast food to get an eggwich? This delicious recipe will give you an amazingly healthy eggwich for less than a dollar per portion. Can you say Breakfast?

                                              Advertising

                                              Sausage-Eggwiches

                                                24. Baja-Cali Black Bean Salad ($1.17 per serving)

                                                Great snack to add to a movie-night with friends. You don’t have to use chemically-processed salsas anymore, you can now use this homemade salad for your chip dips.

                                                Baja-Cali-Black-Bean-Salad-1024x682

                                                  25. Gnocchi, Sweet Corn & Arugula in Cream Sauce ($2.24 per serving)

                                                  Italians always knew how to make carbs look good! This delicious Gnocchi recipe will give your lunch a whole new meaning. Easy to make and only $2.24 per serving.

                                                  RU173796.jpg.rendition.largest.ss

                                                    26. Vegetable Lasagna ($1.73 per serving)

                                                    If you were looking for a healthy lasagna, you’ve just found it. At under $5 per serving, you can fill yourself up right away without putting on the extra calories.

                                                    R090413.jpg.rendition.largest.ss

                                                      27. Fajita-Ranch Chicken Wraps ($2.05 per serving)

                                                      Don’t know what to make for lunch this week? How about delicious chicken wraps with a healthy ranch? This recipe will make all your lunches, even the quick ones, healthy and colorful.

                                                      R105114.jpg.rendition.largest.ss

                                                        28. Quinoa with Pan Roasted Brussels Sprouts ($1.24 per serving)

                                                        A dish that has quinoa and brussel sprouts can’t be unhealthy, it just can’t, which is why this dish is one to keep in the books. Easy to make, healthy, and will keep you full for a long period of time.

                                                        Quinoa-Brussels-Sprouts

                                                          29. Butternut Squash Chili ($1.04 per serving)

                                                          You don’t need meat to make chili now that you have this recipe! It’s 100% healthy, filling, and smells absolutely delicious.

                                                          Butternut-Squash-Chili

                                                            30. Fast Shrimp Bisque ($2.03 per serving)

                                                            Seafood doesn’t have to be expensive if you know how to do it right, and this fast shrimp bisque is a great recipe to try if you’re in the mood for some seafood!

                                                            RU170895.jpg.rendition.largest.ss

                                                              31. Chicken-Noodle Casserole ($0.98 per serving)

                                                              Looks divine doesn’t it? This super easy to make dish will satisfy all your taste buds without burning a hole in your wallet or adding a few extra numbers on the scale.

                                                              Advertising

                                                              RU161399.jpg.rendition.largest.ss

                                                                32. Burrito Cups ($1.18 per serving)

                                                                Entertaining someone tonight and don’t know what to make as appetizers? These burrito cups are a great alternative to chips or other greasy finger foods. All you need to enjoy it is a spoon and a cup.

                                                                burrito-cups-1

                                                                  33. Lemon-Dill Shrimp & Pasta ($2.45 per serving)

                                                                  Another impressive shrimp recipe under $5 per serving. The lemon-dill twist adds a great taste to the dish.

                                                                  RU172115.jpg.rendition.largest.ss

                                                                    34. Potato Frittata ($0.87 per serving)

                                                                    If you want to eat potatoes for breakfast but still want it to be healthy, this is the recipe for you. At under a dollar per serving, this potato frittata will make you see potatoes in a whole new light.

                                                                    RU170901.jpg.rendition.largest.ss

                                                                      35. Grilled Pork and Pineapple ($2.67 per serving)

                                                                      Meat and fruits? Oh, yes. The juiciness of the pork mixed with the liquid sugar in the pineapple will make you wish you knew about it sooner.

                                                                      R104031.jpg.rendition.largest.ss

                                                                        36. Greek Honey-Lemon Pork Chops ($2.15 per serving)

                                                                        Another splendid recipe mixing sweet and salty for a healthy meal. Easy to make and absolutely mouthwatering.

                                                                        RU187523.jpg.rendition.largest.ss

                                                                          37. Jamaican Pork Stir-Fry ($2 per serving)

                                                                          You can add this healthy stir-fry to any dish as a side or amply enjoy it as-is for lunch or dinner. You can even make a wrap sandwich out of it if you’re in a rush to eat.

                                                                          RU170642.jpg.rendition.largest.ss

                                                                            38. Herbed Salmon ($2.49 per serving)

                                                                            Salmon contains a healthy dose of fats that will boost your metabolism, lower inflammation, and make you happier. At under $5 per serving, need I say more?

                                                                            R166367.jpg.rendition.largest.ss

                                                                              39. Five-Spice Pork Kabobs ($1.96 per serving)

                                                                              Exquisite recipe under $5 per serving that will most definitely awe everyone at your dinner party.

                                                                              R166368.jpg.rendition.largest.ss

                                                                                40. Stuffed Sweet Potatoes with Mango-Black Bean Salsa ($1.24 per serving)

                                                                                You don’t have to eat sweet potatoes alone anymore with this flavorful recipe.

                                                                                stuffed-sweet-potatoes

                                                                                  Featured photo credit: Featured Photo Credit: 5 Dollar Dinners via 5dollardinners.com

                                                                                  Read Next