What are the biggest money mistakes you've made? We asked our coworkers — Here's what they said. CNBCMoneyMistakes investinyou (In partnership with acorns.)
All of us make poor money decisions and while many seem innocent at first — drinks with friends, a sudden shopping spree — these bad habits can end up costing you in the long run.
CNBC asked its employees to offer some of their most common money mistakes. Staffers gave various answers but there were three avoidable consumer habits that topped the list: dining out, credit card debt from college, and impulse purchases.in partnership with SurveyMonkey, conducted in June 2019 examined the spending behavior of over 2,000 Americans. While more than half, 54%, believed they were savers, 28% of respondents said they spend more than $200 on takeout and food delivery each month.
CNBC's own Kelly Evans and Dominic Chu both admit that they should be dining out less and saving more.Food purchases are a bigger problem than you may think. A survey conducted byMany young people straight out of school likely haven't set up a retirement account, especially if their employer does not offer an employer-sponsored program, Mike Brown, a research analyst at LendEDU, told. "They have likely been paying for coffee and dining out for quite some time.
The obvious answer to lowering dining out costs is cooking more meals at home and bringing your lunch to work. Preparing meals at home can not only save you money butA common response from CNBC staffers: Their biggest money mistake was made in college, and it was not taking out a student loan. It was credit card debt they accrued after opening an account as a student.
"They offer you a free t-shirt if you open up a credit card. The credit card debt lasted a lot longer than the t-shirt did," said one CNBC staffer.finds that people with consumer debt are often enticed by credit card sign-up bonuses, zero-percent interest offers, and cashback programs.reveals that credit card delinquencies are on the rise. Among Americans age 18 to 29, credit card delinquencies of 90 days or greater surpassed 8% of balances, hitting an eight-year high.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Forget Stocks – Money Market Is Signaling Possible Troubles AheadThe Fed’s downplaying of the money market event is a mistaken strategy
Weiterlesen »
‘Borderlands 3’ Confirms No DLC Vault Hunters, Details First ‘Bloody Harvest’ EventBig news out of Borderlands 3 about its first event, and future DLC plans.
Weiterlesen »
Oprah Winfrey says she never seriously considered presidential run: 'So happy I'm not in any of it'Oprah Winfrey revealed that she also turned down an offer to moderate one of the debates.
Weiterlesen »