Avoidable money mistakes smart people don’t make

Don’t do these things Keeping a tight grasp on your money can seem tough, especially in times like these, but there are tips and tricks to prevent yourself from further losing out. Click or scroll through to discover the money mistakes you should stop making to live a smarter, […]


Keeping a tight grasp on your money can seem tough, especially in times like these, but there are tips and tricks to prevent yourself from further losing out. Click or scroll through to discover the money mistakes you should stop making to live a smarter, and richer, life.



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Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.


Once you know how much you have, set a budget. There are a whole host of ways to keep a budget, from a simple spending diary or an Excel spreadsheet to opening a bank account with budgeting functions. It’s easier than ever to keep an eye on your spending, so pick a method that suits you and know where your cash is going each month.



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It’s tempting to ignore bank and card statements. Life is expensive and looking through how you much you’ve spent can be disheartening, but you might come across accidental charges that you can get a refund on, or remember that you need to cancel a subscription that you’d forgotten about. You’re also far more likely to spot any fraudulent activity on your account if you check in regularly.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.


Weighing up your options can be one of those things that takes a bit of time. Whether it’s bananas, DIY equipment or car insurance, those looking to save money should always compare prices. There are hundreds of price comparison sites available depending on what you’re looking for, and shopping around is essential if you’re wanting to get the best deal.



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Companies tend to take advantage of laziness, and if you allow your policies to auto-renew, chances are that the great deal that drew you in will be replaced by a much heftier bill. From energy suppliers to pet insurance, it’s always worth shopping around when your contract is coming to an end as you’ll likely bag a better deal elsewhere.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.


If you’re not looking at buying a house or car right now, you might not be paying enough attention to your credit score. But that one number can pack a punch, and it can even determine whether or not you’re allowed to take out a phone contract and how much you spend on your utilities, so it’s definitely worth staying on top of. Simple steps like registering to vote and not withdrawing cash on a credit card can help the points rack up and get you a good score.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.


Because investing can be complicated, a lot of people pay out for expensive fund managers. Instead of spending money you’d rather be investing, consider putting a large slice of your risk capital into low-cost tracker funds, which tend to beat at least 80% of fund managers in the long run.



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Trading is all about speculation, but that can mean that high potential earnings encourage you to stay in the game for longer than you should, and you end up losing out. Investing should be a simple process of buying low and selling higher, resulting in profit. Don’t let greed catch you out; if there’s an opportunity to cash out with a return you’d be happy with, take it rather than waiting for the maximum profit, because chances are you’ll miss it.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.



Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.


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