This article, entitled Avoid Embarrassing Money Mistakes comes from SavingsAngel.com.

Money mistakes happen to all of us. But there are some that stick with you. You know the one… that time you look back and think, “How could I have been so dumb?” Maybe you were suckered into a bad deal, maybe you wasted money on a product that was junk… It doesn’t matter what it was, it only matters what you learned from it. The only true benefit of money mistakes are the lessons they teach.

Here are some lessons to learn, so it won’t happen ever again:

(1) Never sign something you don’t completely understand. Ask questions until you do, and take your time. Don’t rush because you feel embarrassed by your current lack of knowledge. You can change that. What you can’t change is a contract or commitment after you’ve signed it.

(2) Never enter into a contract hinged on a time limit. (Such as pitches where a company can ‘only offer you this deal if you take advantage today’.) Any legitimate offer or deal will still be there tomorrow or the next day, after you’ve slept on it and researched the deal.

(3) Never pay for a transaction or bill before you are certain the amount is correct. It is much harder to correct an error after the payment has been rendered.

(4) Never buy a product, start a service, or pay a bill until you are sure what you are paying for is the quality and quantity you expect. If involved, always read any fine print thoroughly.

(5) Never purchase a used vehicle, appliance or electrical item before making sure it’s in good working order. If necessary, have it checked over by a professional.

(6) If you are married, consult and agree with your spouse. If one of you feels hesitation, heed that and slow down.

Here are some ways to research ahead of time:

(1) Search the internet for reviews and information about the product or service.

(2) Ask friends and family members if they know anything or have ever heard anything about the product or service.

(3) Study resources to understand more complicated deals and contracts.

(4) If necessary, consult a lawyer. It is often less expensive to get wise council than to make a huge mistake.

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Josh Elledge is the Chief Executive “Angel” of SavingsAngel, Inc. – launched from his home in January 2007. A husband and father of three, he now appears each week on television, in eight newspapers, and a number of radio stations across the country teaching families how to cut their grocery bill in half using the Internet. Elledge created the technology found on SavingsAngel.com through the need to save his own family’s money. Successfully able to cut his own grocery bill from $600 a month to less than $300 a month, his message has reached hundreds of thousands of families. SavingsAngel.com is now growing rapidly throughout the country. You can watch a short video at SavingsAngel.com that will explain more information about how to cut your own grocery bill in half with the help of SavingsAngel.com!