POM028: 19 Personal Finance Mistakes to Leave in 2017


In this episode I’m going to cover some of the common costly personal finance mistakes people are making. Let’s go over them so you don’t carry these horrible habits and beliefs into 2018.

 

Find out if it’s a mistake to:

  • use a credit card as an emergency fund
  • have a 401(k) as your retirement plan
  • use your home equity
  • use credit when you have a high credit score
  • talk to your children about money
  • and 14 more

 

Resources Mentioned:

Disclaimer: Some of the links below are affiliate links. This means that if you decide the item will help you and buy it, I will earn a commission. There is no additional charge to you. However, I would never recommend anything to you that I wouldn’t use myself or wouldn’t recommend to my own family. I only recommend things that I believe will be helpful and useful. Do not buy anything unless you believe it will help you achieve your goals.

 

Credit Sesame – monitor your credit score and credit report

 

Mint – budgeting and budgeting monitoring software and app

 

Digit, that allows you to save without thinking about it.

 

Rize allows you to save for more than one goal automatically.

 

Qapital allows you to set savings goals for specific things and save automatically. You set up rules for how you would like to save.

 

Financial Planning Roadmap – 12 month financial planner that includes budgeting, budget analysis sheets, side hustle analysis sheets and more. It’s 8.5 x 11 inches and 194 pages.

 

WISE Financial Fitness™ uses a unique algorithm to assess your financial status and give you the resources and information to build a legacy of wealth.

 

 

 

Thanks for listening:

If you have any comments or questions about this episode, leave a comment below. If you liked what you heard subscribe on iTunes and rate it. This helps the podcast show up for others.

About Dr. Maria James

Dr. James, The Money Scientist, has expertise with designing income management, debt management, and wealth strategies to help you live your best life. She is the founder of Pocket of Money, LLC and the creator of The Wealth Protocol™. Dr. James has also been a guest financial expert on ESSENCE, WEAA, Madame Noire and more.

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