16 Biggest Financial Mistakes You’re Probably Making and How to Fix Them

Mistake: Buying More Houses Than You Need

It’s easy to overspend by buying too big of a house for your needs. The larger the home, the more money you will spend on mortgage payments, taxes, insurance and maintenance and utility costs — which can add up quickly. Plus, if you stay in your home after you retire and your kids have moved, you won’t likely need such a huge home.