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Your dumbest financial mistakes

Nurses   (11,375 Views 85 Comments)
by Williss2 Williss2 (Member)

3,845 Visitors; 62 Posts

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You are reading page 2 of Your dumbest financial mistakes. If you want to start from the beginning Go to First Page.

lifelearningrn has 4 years experience as a RN and specializes in School Nursing.

24,525 Visitors; 2,263 Posts

Wow- Timeshares are really the biggest legal scams out there. I've never known ANYONE who bought a timeshare that actually utilized it..

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8,604 Visitors; 238 Posts

Got sick, was told I had a year to live (and I thought it was a pretty good diagnosis), racked up a lot of medical bills, but, since I was dying, I just put everything on my credit cards. Why not? If I was going to croak they couldn't make my kid pay off the credit cards and he'd own the house free and clear.

Well, I didn't die, and then I got better, and I had to pay off those credit cards...and pay and pay and pay. Don't ever do that!

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Jenn329 specializes in Cardiac Surgical ICU.

1,068 Visitors; 19 Posts

Instead of putting it into savings (once you've saved a 3-4 month savings cushion), you should instead put it into a Roth IRA, or better yet, your employer's 401(k)/503(b) plan.

eek! yeah true! Right now my biggest concerns are my student loans and a wedding!

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CKAT has 15 years experience and specializes in Oncology, psychiatry, pulmonary, peds.

351 Visitors; 1 Post

Dumbest financial mistake -- getting married.

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9,020 Visitors; 980 Posts

Mine will most likely be quitting my job and going to nursing school :) Although I'm willing to make the financial sacrifice.

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bagladyrn is a RN and specializes in OB.

1 Follower; 18,422 Visitors; 2,286 Posts

Poor choice of ex-husbands - TWICE!

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7,172 Visitors; 460 Posts

Mine will most likely be quitting my job and going to nursing school :) Although I'm willing to make the financial sacrifice.

I estimate my return on investment for my school tuition to be 20,000% to date.

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BeentheredonethatRN has 20 PLUS years experience.

2,133 Visitors; 43 Posts

Mine would have to be-I bought way back before there were alot of them. Mind u they were really " Cold Blooded" because they were rare. I bought a Range Rover. I loved it. I was young and ridding good , but when it was off warranty it was costing me an arm and a leg for repairs ,etc. . I think the headlights were $1,000 lol. Credit card balances started to climb because of it.

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belgarion specializes in Med Surg.

7,162 Visitors; 697 Posts

Letting myself be convinced to put in a swimming pool. I figure between chemicals, water, and electricity I spend about $2000 dollars plus my time every summer keeping the thing clean. This past year I had to pay about 5k to have it replastered and painted. I have one teenager left a home. She and her friends will lay around beside the thing all day but act like they are allergic to the water. That's a hefty bill to pay for something that hardly gets used.

To top it off, while a pool will definitely raise your property taxes, it doesn't do a whole lot for resale value.

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MAISY, RN-ER has 6 years experience as a BSN, RN and specializes in ER/EHR Trainer.

10,128 Visitors; 1,082 Posts

Co signing my kids college loans....now they are considered as part of my debt ratio! ugh Oh and being guarentor on my son's apartment-all of his late rental payments show up on my credit report!!!!!!

As for the timeshare people, I don't understand...I own four and love them! If you can't use it, book your week and put it on craig's list or post at the hospital for a rental fee. For the nurse letting it go to foreclosure...are you crazy? That will be on your credit report for 7 years! Don't do it!!!!! There are always options-sell on craig's list at a loss, or rent as I suggested. At least cover your maitenance fee.

M

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klone has 13 years experience as a MSN, RN and specializes in Women's Health/OB Leadership.

3 Followers; 114,266 Visitors; 13,219 Posts

Poor choice of ex-husbands - TWICE!

Sounds like your choice in EX-husbands is good; it's your choice in HUSBANDS that's poor.

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itsmejuli specializes in Home Care.

1 Article; 18,701 Visitors; 2,188 Posts

For the nurse letting it go to foreclosure...are you crazy? That will be on your credit report for 7 years! Don't do it!!!!! There are always options-sell on craig's list at a loss, or rent as I suggested. At least cover your maitenance fee.

M

I don't care about my credit report, I don't plan on buying anything major in the next 7 years. I already have a house and will never again get a car loan. I also rarely use credit cards, I have 2 that work just fine for me.

Why worry about my credit report when I don't plan on obtaining a mortgage or car loan.

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