13 Common Money Mistakes to Avoid in 2013
4. Keeping savings in zero-interest money market mutual funds.
Money-market mutual funds used to be a great place to put spare cash, but these days, they pay next to no interest and don't even come with CDIC insurance. With many CDIC-insured bank accounts offering nearly 2 percent on high-yield savings accounts, you won't get rich off the interest, but you will put yourself in a more secure position with your savings.