Dear Readers,
No matter how conscientious you may try to be, certain money wasters can creep up on you. Some may be staring you in the face, but others can be lurking in the shadows just waiting to snatch some of your hard-earned cash. Best to be forewarned. Review these 13 scary (and very common!) money wasters to make sure you're not taken by surprise.
- Credit card interest and late fees--Credit is practically essential in today's world, but it can also be a tremendous drain on your finances if you're not careful. Do you carry a balance month-to-month? Are you sometimes late on your payments? Watch out! Interest rates and late fees can add up quickly and result in paying considerably more for your purchases over time.
Looking for answers to your retirement questions? Check out Carrie's book, "The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions."
This article originally appeared on Schwab.com. You can e-mail Carrie at askcarrie@schwab.com, or click here for additional Ask Carrie columns. This column is no substitute for an individualized recommendation, tax, legal or personalized investment advice. Asset allocation and diversification cannot ensure a profit or eliminate the risk of investment losses. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager. Diversification cannot ensure a profit or eliminate the risk of investment losses.
The information provided here is for general informational purposes only and is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager.
COPYRIGHT 2016 CHARLES SCHWAB & CO., INC. (MEMBER SIPC.) (#1016-3527)