9. Missing Payments

Missing payments happen to the best of us, either due to financial issues or simply forgetting. Missing multiple payments is, in most cases, a far bigger problem and could even send collectors your way. On top of that, you’ll have to deal with a high penalty interest rate and even hefty late fees.

The only advice we can give you is to deal with the fallout of a missed payment as quickly as possible. Then, it’s up to you to ensure this doesn’t happen again, usually by setting automatic payments or alerts.

In terms of alerts, most major financial institutions have this feature, so you can set them up on online accounts. As far as automatic payments go, you may even get a better deal on your bills if you set them up, so make sure that you do and reap the benefits while also getting rid of this massive stress factor.