5 Money Mistakes to Avoid

To help you stay on track with your financial planning habits, avoid some of these common money mistakes:

1. Lack of a Budget

It’s important to budget your money so that you can create a spending plan. With a budget in place, you can put aside money for important things and long term goals — plus, it’ll prevent you from spending all your money at once!

2. Avoidable Fees

From overdraft fees to card replacement fees, there are many little things we can avoid having to constantly pay for. Don’t spend more than you have in your account and certainly keep close watch of your credit card. Also, simple mistakes like reading a street sign incorrectly or not paying the parking meter can add up over time!

3. Not Having an Emergency Fund 

It doesn’t matter how old you are or where you live, anyone can be affected by some kind of emergency. It could be anything from a medical issue to a sudden loss of employment, or even a natural disaster. If you aren’t prepared for an unforeseen situation, you could be facing some kind of debt. Avoid any stress and plan ahead for your safety and security.

4. Retirement Savings Delay

Retirement is something we all plan for in the long run, but some may plan a little later than others. The sooner you start saving in your retirement plan, the more your money will grow over time. Learn more about your retirement account options here»

5. Overpaying in Property Taxes

With your taxes increasing every year, it’s important to know what you, as a homeowner, can do. The first step is filing a Property Tax Grievance Application to assess and determine if your home is overvalued for tax purposes. The second step is leaving the rest to us!

Here at P.T.R.C., Inc., we are determined to help our clients pay the lowest amount of property tax as required by law. Contact us today to see how we can help you: info@ptrc.com