7 Money Mistakes Poor People Make Once a Month

Neglecting Budgeting

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One of the most common money mistakes that people with less money make is neglecting to create and stick to a budget.

Paying High Bank Fees

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Many people with limited financial resources end up paying unnecessary bank fees

Paying Bills Late

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Late bill payments are another source of fees to look out for. They can negatively impact your credit score

Using Payday Loans

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When facing a financial emergency, some people turn to payday loans as a quick solution

Not Seeking Financial Assistance

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You may be eligible for various forms of financial assistance, such as government programs

Falling For Impulse Purchases

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Impulse buying can be a significant drain on anyone’s finances, but it can be especially harmful for those with limited resources

Skipping Health Insurance

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The cost of health coverage can seem huge. You may be tempted to skip health insurance to save money

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