Current identifies five common financial mistakes to avoid

Fintech platform Current has identified five common financial habits that can negatively impact long-term wealth. These ‘scary money moves’ are often subtle rather than dramatic errors.

The five habits include:

• Underutilizing employer retirement matches: Failing to contribute enough to a 401(k) or 403(b) to receive the full employer match. • Missing credit card payments: Not setting up automatic payments or failing to pay balances in full. • Holding excessive cash: Keeping too much money in non-interest-bearing accounts rather than high-yield accounts or long-term investments. • Uninvested funds: Allowing contributions in investment accounts to sit as cash rather than being actively invested. • Lacking disability insurance: Forgoing employer-provided coverage or private policies.

Financial experts suggest that addressing these habits during end-of-year planning can help secure a more stable financial future.