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13 Common Money Mistakes to Avoid in 2013

2. Carrying a credit-card balance.

2. Carrying a credit-card balance.

The other way that banks make a fortune from customers is by encouraging you to carry a credit card balance. With most cards still charging double-digit interest rates, credit cards are a gold mine for banks, but they can put you into a debt hole that you'll fight to get out of for years. Be smart and do everything you can to get card balances paid down pronto.

13 Common Money Mistakes to Avoid in 2013

1. Paying too much for chequing.2. Carrying a credit-card balance.3. Being too scared to invest in stocks.4. Keeping savings in zero-interest money market mutual funds.5. Buying into bond funds.6. Not updating your insurance coverage.7. Having a high-interest-rate mortgage.8. Not setting money aside for retirement.9. Paying big fees on mutual funds.10. Missing out on big discounts when you shop.11. Not having a will and other estate-planning documents in place.12. Ignoring your credit history and credit score.13. Using expensive ways to generate quick cash.Resolve to be Smarter With Your Money
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