Common pitfalls with managing money:

  • taking on credit card debt
  • not saving
  • waiting for tomorrow to save for retirement
  • borrowing too much to buy a house/car/college diploma
  • avoiding taxes at all cost
  • spending more than you earn
  • going without a will
  • not protecting your family w/ life insurance
  • failing to shelter your earnings w/ disability insurance
  • ignoring the cost of fees

    • [from NPR’s economics editor Chris Farrell]