Money mistakes can take a long time to recover from, which is unfortunate because they’re easy to make. I know this from personal experience because when I was going to school, I made a serious money mistake: I borrowed way too much money.
My borrowing took the form of both credit card debt and student loan debt — and it took me years and a lot of sacrifice to pay off all I owed. While I’ve finally become free of these debts, the money I spent on paying them off also put me behind in accomplishing some of my other financial goals.
If you haven’t had this financial disaster yourself, hopefully learning from my negative experience can help you to avoid it so you don’t face the same challenges I did in climbing out of debt.
This was my biggest financial disaster