THE Biggest money mistakes women over 40 make

Women in their forties are potentially heading into their highest earning decade but they are also making poor decisions which can put their financial security at risk, according to financial adviser Karen Essex-Mooney.

Essex-Mooney, an adviser at Lifetime Group, says she often sees women who have made "dubious money moves".

"My experience is that these often come from an uncomfortable attitude towards wealth, or wanting to please others at their own expense.

"Many women, without realising it, can run the risk of making themselves financially vulnerable."

This has also broader significance with research showing that women continue to influence over 80 percent all consumer decisions made in the home.

Here are the five worst mistakes Essex-Mooney sees:

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