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Financial stability is a key aspect of a secure life, yet many find themselves in precarious situations due to certain common mistakes. If you’re afraid to fall into the empty pits of a wallet, you’re not alone. In fact, according to the Administrative Office of the U.S. Courts, bankruptcy filings totaled 418,724 in the ending filing year of June 2023. There’s ways to prevent a lonely bank account, but the only way to prevent a crash is to know the warning signs ahead. Here are six of the fastest and most prevalent ways people end up facing financial ruin:
