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We thought this article, called The 2 Biggest Money Mistakes from Money.com, can cause you to be a little more introspective about whether you are a “protector” or a “pleasure-seeker” when dealing with your finances.
The article said that 70% of Americans are prone to make these 2 money mistakes:
- Spending Money Too Casually: The Pleasure Seeker
- Spending Money Too Carefully: The Protector
Which one are you?
It would seem that for financial peace of mind it wouldn’t be good to be a pleasure-seeker. And you would think that being a protector is, of course, the only way to be. But it’s not that simple.
The best way to be is a balance of the two. You don’t want to always be living in the here and now, spending money you don’t have on things you probably don’t need. And you also don’t want to be so tight with your money that you don’t go on vacations or miss out on making memories with your family.
Click here for the article from Money.com. Find out why both are considered to be money mistakes and what action to take to to live a more balanced financial life.
