The recession has made us aware of what our bad habits, money management, and we had to deal with these habits in one way or another.
Maybe you were one of those things to panic selling when the market is ending. Perhaps it was thought that house prices would increase. The feds knocking specialists called to study the behavioral economists, because we are on our way to decide on matters of money. This would help to see him again, to ensure that peopleNot too many financial risks and be more educated on the actual expenditure by credit card.
Their efforts to do only with the tip of the iceberg. Here are the most common errors during the instability of the economy and their solutions are made.
Error 1: No Emergency Fund
We are pleased with our financial security, we never save for the rainy day. We prefer to use the money than they stash somewhere.
The previous year, the number ofUnemployed was fast and gave the Americans a scare. If you are among those who have been to increase your savings in a panic, you could have discontinued the effort when you felt safe. These are used for another panic situation should arise another problem. To avoid these stressful uncertainties make it a habit by setting up a direct debit that money to save your credit from your bank account into a savings account. You can not groped the emergency contactReserves.
Error 2: The decisions of panic when the market crashed
If you start to panic, take the best of you.
If the market in the first half of this year fell a smart investor deliberately shut himself in his online account, so he does not have to constantly watch them, and the worst decisions in a panic. Try not to economic news that may alert you to hear too. If investments plunge, you can always set a fail-safe function in yourAccount as a limit where they could be withdrawn from the market, before suffering further losses.
Error 3: put all its eggs in one basket
It is human nature to buy something big, if you expect to return promising, although we know that there are too many risks. The excitement can be done in the way people make bad decisions.
Always consult an expert to help others, to remain objective. While the financial adviser or broker could not prevent you from makingBad investments, in order to discourage these people around you.
