'What’s a financial mistake that can take years to recover from, even if you earn a decent salary?': People discuss what the biggest financial mistake they ever committed was

Have you ever encountered money problems due to a financial mistake you made? Did you learn anything from it?Money problems are common, especially with the current state of the world. People get into debt more and more, whether it is to buy a house, a car, go to college, or for medical expenses. Almost everything can make you need a loan and put you in debt. I'm not here to demonize loans. They are a good way to go through life and do and have the things you want without having to save for your whole lifetime before acquiring them. But they only work out if you are extremely careful with your finances, you cannot trust them to just work out eventually; you need to plan, have stability, and have as your main goal to pay them out. Nobody learns how to manage their finances unless they studied something related to that in college; it's not common knowledge. In school, you don't learn about credit cards, debt, loans, or even budgeting. So the only two ways you actually learn what to do with your money are by getting some tips from your parents or family members, or by making mistakes. The last one is the most common. People learn how to manage after already committing the mistakes tha…

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