Neglecting to save for emergencies can leave you vulnerable to financial crises and setbacks.
Falling into the trap of high-interest debt, such as credit cards, can quickly erode your wealth.
Ignoring your credit score can limit your access to affordable loans and impact your ability to achieve financial goals.
Impulsive and uninformed investing decisions can result in significant losses and hinder long-term financial growth.
Failing to prioritize retirement savings early on may leave you struggling financially in your later years