5 Money Mistakes That Will Come Back to Haunt You
Everyone makes mistakes with their money from time to time. It might be buying something you don't need and feeling the pang of buyer's remorse afterward. Or spending more than you intended while on vacation.
Most of these mistakes are small and don't pose any serious threat to your financial security, but this isn't always the case. The following five mistakes can be life-altering, and their consequences can haunt you for years -- or even decades -- to come.
Your emergency fund is meant to cover unexpected expenses, like a car breakdown, a home repair, a medical emergency, or basic living expenses following a job loss. Without one, you may have to take money away from your other financial goals, like a vacation fund, your kid's college fund, or a home down payment, or you might have to take on high-interest debt if you don't have any savings at all.
Source Fool.com
