Money Pits to Avoid When Becoming Financially Independent

Michael Beausoleil
7 min readAug 25, 2020

When you’re trying to become financially stable, you need to look out for money pits. These are the things that look like a good idea in the moment, but a series of manageable transactions accumulate and produce bigger expenses. When you’re young, companies want to exploit your lack of financial knowledge and take your money. Plus, you’re getting your first paychecks. This sudden influx can lead to some costly impulse buys.

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Michael Beausoleil

User Analytics | Digital & Brand Marketing | Productivity … hoping to explore topics that interest me and find others with similar passions