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FarCenter

(19,429 posts) Tue Jan 17, 2017, 03:51 PM Jan 2017

7 ways you could be setting yourself up for financial disaster [View all]

...

And while most people would never consider committing harakiri by any means, there are more than a few folks who unwittingly choose to commit financial suicide every day.

How so? Well, here are seven of the most popular methods:

1. Having children too early

2. Abusing credit cards

3. Maintaining financial dependency on others

4. Failing to accurately track income and expenses

5. Setting down roots in the wrong location

6. Failing to establish a plan for the future

7. Marrying the wrong person

http://www.businessinsider.com/7-ways-you-could-be-setting-yourself-up-for-financial-disaster-2017-1

16 replies

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Highlight:

7 ways you could be setting yourself up for financial disaster [View all] FarCenter Jan 2017 OP

#7 set me back. safeinOhio Jan 2017 #1

I disagree with #1, but totally agree with #5 Tikki Jan 2017 #2

Mostly applies to women. Biggest percentage of folks in poverty babies and their single moms. bettyellen Jan 2017 #6

#7 exacerbated by #5 got me. 2naSalit Jan 2017 #3

Too early? scscholar Jan 2017 #4

2, 4 and six got me when I was younger bhikkhu Jan 2017 #5

I thought for sure mercuryblues Jan 2017 #7

Looks like a typical blaiming the victim list. haele Jan 2017 #8

I'm going to add one Runningdawg Jan 2017 #9

That's true. roamer65 Jan 2017 #16

Don't get married, have kids, buy a house or go into debt. MindPilot Jan 2017 #10

Another one... smirkymonkey Jan 2017 #11

That's a great number 8. FarCenter Jan 2017 #14

Setting down roots in the wrong location... tenderfoot Jan 2017 #12

This also seems to go with "marrying the wrong person" FarCenter Jan 2017 #15

Although I don't have kids, I would HeartachesNhangovers Jan 2017 #13