Stop making these 5 dumb money mistakes

Your financial life can be a minefield of decisions, and one wrong step will blow up everything. Here are some easy-to-make mistakes you should stop making.

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VIDEO ON MSN MONEY

51Comments
Dec 12, 2013 11:51AM
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The biggest dumb money mistake that I see is the same old story of living beyond your means to look like you have more money than you really do.

Dec 11, 2013 10:53PM
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Alot of these scams are aimed at old folk who unfortunatly are to trusting.
Dec 12, 2013 12:38AM
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Just read this article and here is my two cents worth. (1) Social sites such as face book just had a survey on this website and 60% of respondents do not belong to face book. Do you wonder why? (2) Joining accounts for us is a no brainer because we use the same charge accounts for air miles with Southwest and pay off the balance every month. (3) If we receive an email from an unknown we transfer to JUNK mail and block forever. (4) We pay for everything on credit cards for the points and as was said we pay off the balance every month. Phone gossip or in person gossip is a no no, it can give a person a bad reputation. Mom told all of us "what you hear is for the ears, not your mouth".

Dec 11, 2013 9:21PM
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Not mind boggling ideas, if you haven't figured these things out by the time you are 10 years old you are probably slow... 
Dec 12, 2013 3:19PM
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Add taking investing advice from the MSN writers - Anthony Mirhaydari, Jim Cramer, Adam Levin, etc.
Dec 12, 2013 12:27PM
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Identity theft mistakes and falling for scams are not money mistakes. Three out of the five topics here were about identity theft, not mistakes that we make with our own money.


All the identity theft stuff could have been summed up with one sentence: keep private stuff private. Then you could have had a real article about real mistakes people make with their money.

Dec 12, 2013 3:36PM
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don't buy s..t you don't need or rarely use  X five!
Dec 19, 2013 3:42PM
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playing lotto.  my mother-in-law always says how she doesn't have any money.  then she goes and spends the $10 in her pocked on scratch-offs.  sure, she might win some money here and there, but in the long run, she is losing money.  if the odds were in your favor to win, they would be out of business
Dec 12, 2013 8:34PM
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I'd call these security mistakes, not "money mistakes," which implies poor purchasing or financing decisions.
Dec 12, 2013 1:45PM
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where  ohhh  where  is  the  article  that  was  on  Tuesdays news.  the  headline  of  the  article  was  "  20%  of  americans  reach  affluent  lifestyle."   how  can  that  be?  I  thought  it  was  the  1%  against  the  rest  of  us...  well I  guess  the  idiots that  do  the  writing  are  just that  IDIOTS.
Dec 19, 2013 3:34PM
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Joints Accounts with "The One":  Even a judges court order doesn't stop creditors from coming after you when the joint account is closed and late.  I know because I've been there and done that.  The creditors attitude is "you made the debt with him/her so you owe the debt, whether he/she is the one responsible according to court order!"  That is exact words that has been said to me over the years.
Dec 12, 2013 9:52AM
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Once again for the Ol' Gipper people, look on top who is sponsoring this: Credit.com and what's their agenda? The majority of these blogs are advertising and when you see the thumbs go down on a challenge, they are mostly from the sponsor monitoring who says what or are from people working in the particular industry.  Don't take my word for it.... just look on top of the article who the sponsor. 
Dec 12, 2013 1:32PM
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#6-  Investing in the stock market while it's at an all time high and propped up with debt and an overload of fake money.
Dec 29, 2013 7:14PM
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There could be an article about bunnies and kittens and the angry, old men would be whining about Obama.
Dec 12, 2013 5:14PM
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Yes , Yes , Yes ! I finally agree with an article from NBC . These are stupid dumb mistakes , and they're done by stupid dumb people . Unfortunately , stupidity exist , and you can't seem to fix it . Stupid is , as stupid does .  
Dec 29, 2013 8:40PM
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People are really this stupid?

That's right our education system teaches no personal finance, except welfare (slavefare) works for 47%.

Free education, rent, lunch, food stamps (snap), check each month, free medical, phone, no taxes, no job to go to, get paid to vote so why do I worry about identity theft? All my family has the same legacy.

Dec 29, 2013 7:23PM
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How can you tell if it's a male or female snowman??......check for snowballs!
Dec 29, 2013 4:43PM
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Roland Gayslinger, why do you deny who you are and hide like a scared little girl?
Dec 12, 2013 1:33AM
Dec 12, 2013 4:50PM
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