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According to aQuicken survey, a whopping 80% of respondents admitted having regrets about their financial decisions.
Michael McSweeney, financial advisor withCertified Financial Services, agreed.
However, he said thatsaving for retirementisnt the only thing it’s crucial that you focus on.
It is better to pay off a credit card each month, said McSweeney.
Doing this builds a good habit.
The higher your ratio, the more it can hurt your score.
To keep your credit score healthy, make it a habit to pay off your balance completely each month.
While some people get lucky, it does not apply to everyone.
Gomez agreed that buying a home involves more than a mortgage payment.
It comes with a range of additional responsibilities that can be quite costly, he said.
But there are a lot of added costs for labor that will eat away at your finances.
They didnt fully evaluate their other financial goals and trade-offs when making the large down payment.
But McSweeney pointed out that financial decisions mustnt be made in a vacuum.
To do this you must take more of your cash flow and put it towards the mortgage.
McSweeney said that you shouldnt jump to refinance the second rates drop.
You should assess the economy and see where you think rates are trending, he explained.
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