00:00Everyone can make mistakes on the path to financial wellness, but learning from them is what counts the most.
00:06Here are expert tips on how to avoid choices that could cripple your financial future.
00:11Young people should avoid overcommitting to things they can't afford, like expensive car loans and phone bills.
00:17Bankrate reports that many people between 16 to 24 have thousands of dollars in debt, excluding student loans.
00:25A finance expert tells CNBC that you're making a big mistake if you don't have a credit monitoring service to alert you of potential threats on your accounts, noting, quote,
00:35it's as easy today as it's ever been for someone to steal your identity.
00:39Having great insurance to protect your home from natural disasters is essential.
00:44According to Money Talks News, taking time out to compare policies and understand the specifics about your policy could save you tons of money in the long run.
00:53According to Fidelity, carrying a balance on your credit card is keeping you from financial freedom.
00:59If you're relying on credit cards consistently, it might be time to work on creating a budget and a strong emergency fund.
01:06Making small changes can lead to big financial results.
01:09Business Insider notes that the goal is to be consistent, not perfect.
