Avoid Check Cashing Companies. Using check cashing companies can be a big financial mistake. They charge you for cashing your checks, but you can often just go to a real bank and get them cashed for free. Why do that to yourself? Don't—just avoid it.

Avoid Check Cashing Companies - Video. Using check cashing companies can be a big financial mistake. Here's why.

Avoid Payday Loan Companies. Payday loan companies are a bad plan, my friend. They feed your impulse to spend before you have and charge you exorbitant fees for it. Avoid them and spend only what you have to spend.

Avoid Payday Loan Companies - Video. Payday loan companies are a bad financial idea. They feed your impulse to spend what you don't have, and then they charge you exorbitant fees for it.