Are You Throwing Your Money Away?
January 22nd, 2009 | 
Author: 
My story, describes just one of the many basic financial mistakes that most people make during their working lives. I am writing this with the hope that it may just trigger your financial alarms bells and save you and yours from potentially loosing thousands like silly oul me did. 
I got my first Job in 1997 after graduating from college with a degree in Computer Engineering. I was on a starting salary of $29000. I also moved out of home and shared a rented house with some old college friends. The rent was approx $180 per month.
After a few months I took out a car loan for $22000 @ 9% per annum. Life was great and like most 22 year olds, I lived from pay check to pay check and had a great social life.
When I turned 24, I decided to start planning for my future and save some money. I cut back on my social life and was careful with my spending. Eventually I could save about $400 dollars per month.
Keep in mind that your bank will bring out new products every year, saving plans, pension schemes etc and their staff are often given huge commissions when they sell the products.
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