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Kip Tips

Advice on Avoiding Money Mistakes From Around the Web

A look at tips from a few of our favorite personal finance bloggers about financial missteps.

I often share tips in this weekly roundup of advice from personal finance bloggers about what you should be doing to improve your finances. But it's also important to focus on what you should not be doing when it comes to managing your money. Sometimes what seems like the right move might actually can be a financial mistake. For example, April Dykman writes on the Get Rich Slowly blog about ways people try to save money but end up paying more in the long run. Find out if you're guilty of employing any of these 7 Money-Saving Strategies that Can Cost You More, and read on for more tips about avoiding money mistakes.

SEE ALSO: The MacGyver Money Quiz: How to Escape Tricky Financial Jams

Beware of Following Financial Gurus’ Every Advice to the Letter [MoneyNing]
"Remember to follow finance basics and formulate your own plan."

Hey Parents, Don’t Make This Mistake When Saving For Your Kids College [Good Financial Cents]
"Even if you have to postpone saving for your kids college to get out of debt and adequately save for retirement, you’ll inevitably start saving at some point."

These 6 Behavioral Finance Issues May Be Ruining Your Finances! [Free From Broke]
"Before you make that next financial decision ask yourself why you are thinking the way you are."


How to Embrace Failure, Keep Going, and Win [Wise Bread]
"Oddly enough, the more you fail the better equipped you'll be at handling it, which will increase your odds of success regardless of what you're trying to accomplish."

How Cognitive Behavioral Therapy Can Prevent Poor Financial Choices [Money Crashers]
"If your spending habits cause conflict in your marriage, distress within your family, or a perpetual state of barely making ends meet, then consider using a cognitive behavioral therapist."