Money Mistakes that can Cost You

It's a little scary to think about the future.  Most of us are going to be graduating this year, and will be actually living on your own.  Paying for your own bills, student loans, purchasing those expensive items- such as a house, and little things such as food and clothing.  Wouldn't it be nice to know mistakes that you don't need to make.  Well I came across an article that talked about three money mistakes that can actually cost you. 

The first mistake that most people make is ignoring your credit score.  Now I fall into that category of most people.  I do not know my credit score, and I always asked myself do I really need to know it right now that I am still in college?  And the answer is yes.  Like I said most of us are going to be buying a house down the road, well according to this article the credit score just went up for buying a house. Its better to know your credit score, and there are sites where you can obtain a credit report.

The second mistake is neglecting your home loan.  Now must of us don't own a home yet, but in the near future I'm sure it is on our to do list.  According to this article it says that you need to be in tune with your home loan to know when it is a good time to refinance, lower payments, and etc.  My boyfriend currently bought a house last year at the age of 21, he is constantly checking up on his home loan, and I always nagged him about it, but now after reading this article I will go home tonight and tell him its a good thing.

The third mistake is not preparing for a rainy day fund aka emergency savings fund.  It is always a good time to start saving now, because even though we are in college and you think your mommy and daddy can help you with an emergency, they might not be able to with the economy going on. 

These three mistakes that people make are definitely ones that I will not be making and hopefully they will come in handy down the road for us college kids that want to buy that perfect home.

Article:  http://www.stylecaster.com/news/7388/three-major-money-mistakes-that-can-cost-you