The Top Seven Money-Saving Mistakes - Part 7

Is it possible to make mistakes in saving money? Unfortunately yes, it is. The good news is we can learn from the mistakes of others and apply them to our own situations. This is Part Three in the Finance Tip of the Day series covering the seven money saving mistakes.

The Long Term
Don't make the mistake of putting your money where "introductory rates" sound good. Nothing lasts forever, and after a short time, those rates will change. Some promotional deals are excellent - the key is to do your homework and find out what the promotional deal really involves in the long run. For instance, a promotional mortgage rate that's rock-bottom low may sound great, but only if it's fixed-rate for the long term would it be worth it.