5 money mistakes to avoid

You don't have to wait for new laws based on behavioral economists to save you from the money mistakes you're hardwired to make. You can implement your own fixes using their techniques.

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Running out of money
You never have money left at the end of the month.

Why: You know you should save, but the part of your brain that craves immediate gratification wins.

The fix: Automate your savings so that you never get your hands on the cash. If you have a 401(k), max out. If not, set up automatic investments with a mutual fund company.

NEXT: Buying high, selling low
Last updated July 24 2008: 10:17 AM ET
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