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

Mistake: Going Into Debt to Earn Airline Miles

Traveling using airline miles you earn can save you money or drown you in debt — depending on your spending habits. According to one major airline, a single free domestic round-trip ticket will require 12,500 earned miles, which can be achieved by spending $8,000 on a credit card. Taking on additional debt to fly free just doesn’t make sense.