Skip to Content

13 Common Money Mistakes to Avoid in 2013

5. Buying into bond funds.

5. Buying into bond funds.

On the investing front, many people have piled into bond funds because of their high recent returns. But with many government bonds yielding less than 2 percent, you won't get much income for your trouble, and you could face big losses if interest rates don't continue to drop in the future. Right now, the risk-reward trade-off isn't in bonds' favor, so if you have a lot of them, look to trim your exposure.

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
Compare Personal
Finance Rates

Find Your Rate

Advertisement
  • All
  • Mortgages
  • Credit Cards
  • Savings
Enter Mortgage Value
Company
Monthly
Rate
Choose Card Type
Company
Reward Return
Rate
MBNA
2.05%
$1,500.33
Best Rate
2.05%
$1,500.33
Best Rate
2.05%
$1,500.33
Choose Savings Type
Company
Savings
Rate

Most Commented