No. 4: Paying bills late or not paying at all
If people pay attention in life, they will notice that certain bills arrive every month. It is almost as if those companies want them to get paid on a regular basis. Imagine that.
The mistake some people make on a regular basis revolves around disorganization. Even though some people receive a bill on the same day every month, they forget to pay it.
In some cases this is a major deal because failure to pay incurs late fees, interest payments, and even downgrades to credit scores.
To compound the problem, many people do not balance their checkbook, keep receipts, or notice when they have exceeded financial limits. Do people make mistakes sometimes? Yes. Could some people pay better attention to the details of life? Absolutely.
Granted, things will be just fine once that special financial project materializes ...
No. 3: Waiting for a big windfall
Some people get into financial trouble because they hold out hope that some great event that will occur to bail them out of their predicament.