Mistake #8: No savings for emergencies

Again, it is important to have some money set aside for emergencies that pop up when we least expect them. Being prepared will help keep your car running, keep your house functioning, and keep you from missing work to deal with unnecessary activities associated with emergencies.

Illnesses and loss of employment happen when we least expect it. Be prepared so whenever it happens you will be able to pay your bills on time for a few months.