Life Kit: Money Don't make these financial mistakes
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Jul 21, 2025 
Financial educator Yanely Espinal, an advocate for financial literacy and author of 'Mind Your Money', shares essential money don'ts to help listeners navigate their finances. She warns against co-signing loans and making impulsive, hype-driven investments. Espinal emphasizes understanding loan agreements and the advantages of credit unions. She discusses the importance of 401(k)s and avoiding lifestyle inflation to prevent living paycheck to paycheck. Tune in for practical advice that can create a healthier financial future!
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Espinal's Debt Journey
- Yanely Espinal shares her personal struggle with credit card debt and how she counted down to paying it off.
- She emphasizes it is okay to make financial mistakes and learn from them to improve.
Shop Loans & Credit Unions
- Always comparison shop before borrowing money to get the best loan terms.
- Open an account with a credit union early to access lower interest rates on loans.
Avoid Co-Signing Loans
- Avoid co-signing loans for family because you are equally responsible for payments if they default.
- Offer other help like budgeting advice instead of putting your credit at risk.
