The earlier generation was excellent when it came to savings. Their investment decisions were not that commendable, though. They believed in saving in bank accounts, fixed-interest instruments or in gold. They were averse to taking risk. We are a generation of risk takers. But make no mistake, we commit more mistake than our parents. We live in the moment knowing too well that the key to financial security is in planning and proper execution. Every mistake made comes at a price. Financial mistakes come with a bigger price, though. The repercussions of money mistakes are huge. One wrong move can lead to shortfall of money for other necessary things. Sticking to the basics, we have compiled a list of 11 financial mistakes you must avoid in 2018: 1. Not having an emergency fund Most of us make this mistake. We all talk about saving for the rainy day, but we rarely do. Imagine an emergency and the situation demands to shell out Rs. 50000 – faulty AC, broken car or home repair. It