Best Money Tips: Common Retirement Planning Mistakes

By Amy Lu on 12 November 2014 1 comment

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some very cool articles on common retirement planning mistakes, amazing ways to use balloons, and stocking your medicine cabinet for less.

Top 5 Articles

What Are the Most Common Mistakes People Make When Planning for Retirement? — Don't wait until you have more money to invest; time is one of your biggest allies when it comes to retirement planning, so start as soon as possible! [Couple Money]

23 Amazing Ways to Use Balloons — You can use balloons make chocolate cups for all sorts of yummy treats! [PopSugar Smart Living]

Cold and Flu Season: Stock Your Medicine Cabinet for Less — Buying generic medications can save you up to 50% or more. [Get Rich Slowly]

Know Your Rights: How to Dispute a Credit Card Charge — Contact the merchant first. Most businesses will happily correct a mistake. [Credit Sesame]

7 Ugly Christmas Sweater Party Ideas for the Tackiest Party Ever — The focus of any Ugly Christmas Sweater Party will obviously be the sweaters. To ensure you have the best (or worst), start with a mildly ugly sweater, then add strategically-placed DIY embellishments. [CouponPal]

Other Essential Reading

3 Financial Worries That Didn't Exist for Your Parents — The sophistication of data mining is fairly new. Having access to your search information allows companies to tailor their marketing to what you're looking for, making it harder and harder to resist their tactics. [PT Money]

5 Smart Internet Businesses to Start for Under $50 — Are you crafty or artistic? You can make some extra money by creating custom gifts for birthdays, anniversaries, holidays, and more! [Free Wisdom]

Top 10 Painless Ways to Save Money Without Changing Your Lifestyle! — Many companies will offer a discount when you sign up for their bundled packages. [Don't Pay Full]

How to Not Spoil Your Kids This Christmas — Set a limit on the number of gifts each child receives — or how much you spend on them — and stick to it! [Parenting Squad]

How to Improve Your Credit Score by Focusing on Payment History and Reducing Credit Card Debt — Your payment history is a big part of most credit scoring models. If you're serious about improving your credit score, then you need to start making your payments on time. [Money Smart Life]

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Guest's picture
carlyt

The biggest mistake one can make is not to start retirement planning and saving/investing early in life, and to be consistent(save with every paycheck), take advantage of any employer matching plan, max out contributions when possible, eliminate debt, avoid risks with your nest egg and plan for multiple streams of income once retired (social security, pensions, dividends, part time work, etc.). I use several sites including Dividendchannel, Valueforum and the site Retirement And Good Living which provides information on finances, health, retirement locations, part time work and also has a great blog of guest posts about a variety of retirement topics.