The Top Money Traps Most Frequently Fallen For

While going to school can provide you with lots of valuable information that you can use in a career later, most people go through the educational system and do not learn much about handling money. Because of this, there is an epidemic of people making poor decisions with the money that they earn. If you are interested in making better decisions with your money, you need to be aware of some common money traps that people tend to fall for. Here are some of the most common money traps that are out there:

401(k) Loan

Many people who work for an employer participate in a 401(k) plan. With

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