Mistake No. 4: Not Paying Yourself First
“The biggest mistake that people make when planning for retirement is not budgeting for it before they start paying their monthly bills,” said Epperson. “The most important bill you should pay is to yourself for your financial future. If you make sure you can stash away 10 percent of your pay for retirement/long-term savings before deciding what you can afford for rent or mortgage or other expenses, you’ll be more likely to live within your means.”