We all make mistakes, but when it comes to your finances, some mistakes can be costly. Here are a few common financial mistakes to avoid:

• Failing to save for emergencies: Life is full of unexpected events, and having an emergency fund can provide you with a safety net when you need it the most. Aim to save at least three to six months' worth of living expenses in a separate account.

• Not having a budget: Without a budget, it's easy to overspend and live beyond your means. Creating a budget allows you to track your income and expenses, prioritize your financial goals, and ensure you're living within your means.

• Ignoring retirement savings: It's never too early to start saving for retirement. Time is your biggest asset when it comes to growing your retirement savings, so start contributing to a retirement account as soon as you can.

By avoiding these common financial mistakes, you can set yourself up for a more secure and financially stable future.