NewsLocal News

Actions

Money mistakes to avoid

Posted
and last updated

LEE COUNTY, Fla.-- Most people want to know how to make or save more money, but it may be just as important to know what not to do.

James Gallagher, of Waterstone Financial, says people can lose money quickly by living on their credit cards; watch out for high interest rates. 

Also, if you don't have a budget or plan, you're setting yourself up for failure; keep track of your spending. Gallagher adds that people should avoid investing with their emotions. 

The last tip from Gallagher is that poor estate planning can drive huge losses. 

For more information, go to the Waterstone Financial website.