For most people, learning the dos and don’ts of finances usually comes through trial and error. If people taught some of these concepts about money during their earlier years, there’d likely be less people with financial struggles. Here are three money lessons most people learn the hard way.
- You salary isn’t your take home pay: This principal comes as a shock to people entering the work force for the first time. They forget to factor in taxes.
- Your credit score is important: The importance of credit isn’t realized until you need it.
- Your credit card payment minimums aren’t enough: If you want to get out of debt, you have to make more than just the minimum payments each month.