Avoid these 5 mistakes losing money guaranteed
Neglecting Emergency Savings
One of the most critical financial errors is not having an emergency fund. This reserve acts as a financial safety net in times of unexpected expenses, such as medical emergencies or sudden job loss. Experts recommend saving at least three to six months' worth of living expenses2. Without this cushion, you may find yourself relying on high-interest credit cards or loans, which can lead to a cycle of debt.