You pack your lunch, and never buy items at full price. You pay your credit card on time every month, and save up for that much-needed vacation every year.
If you’re doing these things, you’re likely on top of your finances. But a new year is always a good time for a new challenge–and we have one for you: In 2013, vow to take your finances to the next level.
How? By learning from the pros.
The Certified Financial Planners (CFPs®) at LearnVest Planning Services have seen the fiscal situations of a lot of people. They know what mistakes people are likely to make, and they know the best ways to fix them.
So we’ve turned their collective wisdom into a must-read guide for turning 2013 into your best money year yet. Read on to find out what exactly not to do—and how not to do it.
Money Mistake #1: Not saving for retirement when you’re employed
It’s easy to come up with excuses for not saving for retirement. (See The 11 Biggest Retirement Lies You’re Telling Yourself.) But you should be saving for retirement whenever you’re making money because there will be a time when you won’t be making any money—but you’ll still have to support yourself then. This means that part ofevery dollar that you earn during your working years should go toward funding your non-working years.