Financial Experts Reveal Their 10 Biggest Money Mistakes

Not prioritizing your future goals

If you have a goal, such as finishing college or learning a new important hobby, you should prioritize this process and try to save money for that purpose. 

“The biggest financial mistake I made when I was young was blowing a financial windfall,” says Cameron Huddleston, life and money columnist for GOBankingRates.com. 

“When my father passed away, my sister and I both received $25,000 as beneficiaries of his life insurance policy. Sadly, I couldn’t even tell you where all the money went. I used some of the money to pay down some credit card debt, but I should’ve used the rest to pay down a big portion of the student loan debt I racked up in graduate school,” he said.