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3 mistakes to avoid as you start saving money
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[QUOTE="King bell, post: 250877, member: 75687"] When it comes to saving money, there are a few key mistakes that you'll want to avoid. Here are three of the biggest mistakes people make when they're first starting to save: 1. Not Having a Plan One of the biggest mistakes people make when they start saving money is not having a plan. It's important to set goals and figure out how much you need to save on a regular basis in order to reach those goals. Without a plan, it's easy to get off track and end up spending more than you intended. 2. Not Automating Your Savings Another mistake people make is not automating their savings. This means that they don't have a set amount of money being transferred into their savings account each month. This can make it difficult to reach your savings goals. Instead, try to have a set amount of money automatically transferred into your savings account each month. This way, you'll never have to worry about forgetting to save. 3. Not Tracking Your Progress The final mistake people make when they're starting to save money is not tracking their progress. It's important to keep track of how much you're saving so that you can see how well you're doing. This can also help you to adjust your goals if you're not on track to reach them. Avoid these mistakes and you'll be well on your way to reaching your savings goals. [/QUOTE]
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