4. Not saving for emergencies
Using a credit card or borrowing from friends and family aren’t the best (or most comfortable) ways to pay for those little emergencies that occur from time to time. Having an emergency fund will give you peace of mind and allow you to handle the financial burden than an unexpected event can impose on you out of the blue.
You don’t have to sock away a fortune to be better prepared, and saving just a small amount per week can add up pretty quickly and help you avoid going into debt when your car breaks down, for example.