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5 of the scariest money moves you may be making
Financial advisers say skipping emergency savings, delaying retirement contributions and carrying high-interest debt can leave households short on cash and long-term growth.
- Financial expert Mallika Mitra identified five risky money moves that can damage long-term wealth, including poor credit management and inadequate insurance coverage.
- Skipping an employer retirement match means leaving money on the table, as many companies contribute a dollar for every dollar an employee invests.
- Late credit card payments trigger fees and damage credit scores, which matter when seeking future loans. "The minimum balance should be the floor," the expert advises.
- Maintaining excessive cash beyond an emergency fund misses growth potential, as savings accounts earn relatively little. Funds earmarked for long-term goals should be invested to build wealth over time.
- Forgetting disability insurance poses a significant risk to one's livelihood. Ensuring coverage against an unexpected medical bill is essential to safeguard one's financial future.
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Total News Sources50
Leaning Left3Leaning Right1Center45Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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