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

Mistake: Leasing a New Car

Leasing a car is the equivalent of renting an apartment. You’ll have the use of something you need, but you won’t build any equity; basically, you’re throwing money at something that will never really be yours. Plus, if you exceed mileage restrictions, you’ll end up owing even more money at the end of your car lease contract.