PIX Financial Fix: 5 money mistakes to avoid

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Foolish money mistakes can make a huge dent in someone's bank account. Personal finance expert Vera Gibbons has five huge mistakes people make and should avoid.

Money mistakes:

  1. Not paying bills on time
  2. Underestimating the total cost of home ownership
  3. Choosing the wrong student loan repayment plan
  4. Paying yourself last
  5. Not knowing how much to save for future retirement