1. Business & Finance

Reader Stories: What Was Your Biggest Financial Mistake in 2009?

From , former About.com Guide

2009 was a year to remember in the world of finance. The economy was in the midst of a deep recession, unemployment reached new highs, over 100 banks were taken over by FDIC, real estate values continued to plummet, and the stock market has been a wild ride. All of this has uncovered many mistakes people have made with their finances. How did 2009 treat you? Were you a victim of the real estate market tumbling, did you rack up massive credit card debt, or did you make a foolish investment in the stock market? Let's hear about what happened to you in 2009.

Closing Business and Borrowing To Start Anew

i used a 20,000 CD to start the new biz, went over budget and maxed my credit cards, now owing 30,000 in credit cards. Now I have a lot of monthly debt to pay and I am rebuilding a business so I didn…More

Paying Off Debt and a Missed Opportunity

Business prices went down to more than 60-75 % and total business income decline to negative cash flow. Lost customer to new competitor and every body is suffering. Daily sales and customers declinin…More

Job Loss and Taxes

Add that along with the 401-K loan we were forced to take as a distribution because of his job loss and we have increased our taxes owed by 50% for 2009. Money that will now have to come out of our r…More

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