<p>Many middle-class families make common money mistakes like prioritizing spending over saving, getting caught in the EMI trap, and avoiding insurance.</p><img><p>For many middle-class families, expenses are ready as soon as the salary comes. But saving is often an afterthought, which is a huge mistake. Savings should be a priority, not a leftover.</p><img><p>Life without EMIs is unimaginable now. Thinking "it’s just a small amount per month," many get trapped. These EMIs add up, eating a huge part of the salary and reducing financial freedom.</p><img><p>Many think keeping money in a bank makes it grow. But savings are just for safety; inflation lowers its value. Investing puts your money to work. Not knowing this is a big mistake.</p><img><p>Thinking "nothing will happen to me" is common, but life is unpredictable. Health and term insurance are seen as needless costs, but they’re a safety net. One emergency can wipe out years of savings.</p><img><p>Many focus on cutting costs, but that has limits. The long-term solution is increasing income by learning new skills or finding side hustles, which is often overlooked by families.</p>
