No big news flash there, huh? Making a financial mistake by nature means it will cost you, but have you ever considered all the potential mistakes you could make and just how much they could be costing you? We make literally billions of dollars in mistakes every year. I’m not talking about bad financial habits, but about genuine, one-time (hopefully) bad moves. For example:
Penalties and fees on credit card accounts topped $20 billion revcently. Simply missing a payment by one day can trigger additional charges just because of a foul up.
Unclaimed tax refund
Billions go unclaimed each year according to the IRS. Just for the 2011 filing year, the IRS is still holding over $1.3 billion. While not necessarily a “foul up” in the classical sense, failing to claim money that is owed to you is definitely a mistake. Read More