Almost everyone makes investment mistakes. Yet, these mistakes may benefit us in the future, as we utilize our knowledge to make better and more informed business and investing decisions even if they cost us money the first time around. Like the advices from our parents, we must often experience it ourselves before we truly learn from them. However, if we know about our tendencies before we make them, it is much easier to recognize the problem and learn from it. Here are 10 common mistakes that people make when it comes to investing.
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There are some conversations with your kids you don’t really look forward to. “Mom, Where do babies come from?” is certainly one of them, as are the topics of safe sex, disease, death, and – yes – investing.
But the more experience I have under my belt as a mom, the more confident I am that even the most difficult, complex subjects can be simplified enough so that young children can understand them. In fact, the very need to simplify a complex topic so that a child might be able to grasp it makes many difficult topics much easier to explain. When you get rid of the subtle nuances that complicate adult behavior and interaction, what remains is often straightforward and not too difficult to understand.
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It’s bound to happen: Your beloved fridge, washer, or air conditioner will act up on you, requiring a repair than can set you back 50% or more on the price of a new appliance. Before you set it out on the curb and head off to charge a dreamy new replacement to your credit account, consider your options for getting it fixed. Even the DIY-clueless can handle this list, so read on!
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The recession is technically over, and has been for some time, but many of us still feel the pinch of an economy recovering at a snail’s pace — and many of us are concerned about a double-dip recession. At the same time, though, it can be difficult to keep on pinching those pennies. If you are getting a little frugal fatigue, you might consider treating yourself with a little spending splurge, just to take the edge off. Here are some suggestions.
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Add up the total cost of keeping your home clean and you might be surprised at how much you spend in a year’s time on laundry and cleaning products. One way to save money is to stop spending more on commercial cleaning products and pay less for products you create at home from your own recipes.
In this installment, you’ll learn how to save money by making your own laundry care products for far less than what you’re paying now for commercially prepared laundry soap and fabric softeners.
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Whether your child is heading off to their first year of kindergarten or their final year of college, saving money on school supplies is just plain smart. As school systems face the challenge of teaching more kids on a smaller budget, parents are being asked to provide a lot more than a couple of pencils and a notebook.
Long lists are coming home during the summer requesting everything from paste to pencils. While you expect to purchase more for a college student, the prices there keep going up as well.
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