Still, no one wants to make money mistakes, but if you're going to get anything positive out of a money mistake, it might as well be a lesson in becoming a better money manager.
Learning from your money mistakes is extremely important, because no one wants to make the same mistake again.
Sadly, though, that is what seems to happen for some people. It can be easy to fall into the same money mistakes over and over again if you do not stop to reflect and learn from your past money mistakes.
And, I'm not afraid to admit that I've made plenty of these mistakes in the past. I'm not perfect, and everyone has made them. Instead of running away from your money mistakes, I believe that it's best to face them and learn from them, so that the same money mistake or something similar never happens again. [Read more…]