What's your biggest financial mistake?

my H had bad credit when we met. When we got engaged, I helped him build good credit and get credit cards again. When we got married, we were debt free.

Once he got credit cards again, he maxed them out. We were able to clear them up. Then he had an affair and put us into debt again.

That was my biggest financial mistake, helping my H get credit cards.

My biggest mistake was spending too much money on credit when I was in grad. school. I had no concept of money and was paying my own bills for the first time. So, I lived like I wanted to all on credit. I am still paying for it now. But, I think it has been a huge lesson too and I'm glad it wasn't worse!

My biggest mistake was not listening to my inner voice!!! Two years ago my DH and I sold our two bedroom condo and bought a three bedroom (brand new) house. I ended up getting pregnant before we even moved into the house. Our mortgage was just too big for us to handle when our son arrived. We eventually sold the house and are now renting (which I HATE) but not before racking up some debt and all the equity we had from the condo (about 25,000) is gone!!! I had that little voice in the back of my head saying not to "do it" (sell and buy bigger). If we had stayed in our condo we would now have about 50,000 equity and could have easily bought something bigger without having a real big increase in the monthly payments. I know hind sight is 20/20 BUT I did not listen to my intuition and now we have no savings (barely), no house and we owe on a loan. I have learned to be patient when it comes to my financial goals) and I am not so eager to spend my money today in order to have it all. It takes time.

Sandra

I could say ever, EVER, getting into debt! Ha ha. But a bigger mistake than that, even, was panicking when I realized I was in over my head, and mortgaging the house I inherited to get out of it (so I thought). Had I negotiated, I could have worked out something with the credit card companies; I was getting a job soon and that'd be $900 a month I'd be bringing home free and clear now, and I probably wouldn't have all the other debt either--heck, with all the money I could have saved, I could have fixed up the house over and over and even had a better car by now. So the lesson I learned was no matter what happens--don't panic! Use your head, and THINK ahead!