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5 financial planning mistakes everyone should avoid

5 financial planning mistakes everyone should avoid

Financial planning is the process that helps you to find the shortest route from where you are to where you are going to financially.

If financial planning sounds familiar, it’s because you’ve heard or read about it somewhere, but you’re probably not applying it in your personal finance.

Financial planning is the process that helps you to find the shortest route from where you are to where you are going to financially.

However, there are some common mistakes you’ll have to avoid during your journey to financial freedom.

1. Saying YES to everything

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If you are a family man or woman, you’ll always be obliged to respond to your family demands due to emotional connect with your family members

But, this can lead to a drain in your finances if you always say YES to both necessary and unnecessary financial demands. It is important you keep the family goals in mind and avoid unnecessary spending.

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