The following are the information i read about common financial mistakes together with my comment.
Excessive/Frivolous Spending- just stick to what you need and do not buy the things you do not need.right?
Never-Ending Payments- just have one payment for every item you will buy than paying them for one month because the payment is continue to increase.
Living on Borrowed Money-no to credit cards if you do not know how to use them.
Buying a New Car- if you have car, do not buy again.
Buying Too Much House- it is nice to have house investment but think carefully first.
Treating Your Home Equity Like a Piggy Bank- just don't do this one.
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