Lazy, Forgetful, and Careless Ways to Lose Money

January 29, 2007

We work hard to earn our money and grow our net worth. Watch out for the silly mistakes listed below to help avoid losing your money. In each case, a simple act can save you lots of cash:

Mistake: Leaving your curling iron or iron plugged in.
Cost: Bye-bye house.

Mistake: Backing up without looking behind you for cars, garage doors, or people.
Cost: Expensive bodywork, new garage door, or lawsuit.

Mistake: Not checking your blind spot before switching lanes.
Cost: Big insurance bill. Big hospital bill.

Mistake: Not updating your anti-virus software.
Cost: Potential identity theft. Hours or days of lost productivity.

Mistake: Ignoring check engine light.
Cost: You think parts are expensive, wait until you see the labor bill.

Mistake: Not backing up your data.
Cost: Family memories and financial records lost forever.

Mistake: Locking your keys in your apartment.
Cost: Large locksmith bill.

Mistake: Paying your credit card bill late.
Cost: Outrageous late fee.

Mistake: Running with scissors.
Cost: Bodily Harm. Didn’t your mother teach you better 🙂


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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One Response to Lazy, Forgetful, and Careless Ways to Lose Money

  • bhavesh

    being careless incurrs huge loss. not writing daily books of accounts looses the financial stability.