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      Money Talks: Dumb Money Moves Everyone Makes

      Everybody does dumb things. After all, we're only human.

      But when it comes to money, it's really a good idea to keep dumb moves to a minimum. Here are five money mistakes I've made before - maybe you have too.

      Dumb idea number one: Paying 20% on a credit card while you TMre earning .2 on your savings. Better idea: If your job is secure and you don't need the cash, use low-interest savings to pay off high interest debt.

      Dumb idea number two: Buying stuff new when used would do. Like paying 20 grand for a new car when you could have gotten a used one for 10. Save that money! Invest 10 grand for 10 years at 10 percent, and it will grow to $25,000.

      Dumb move number 3? Not participating in your company's 401k or other retirement plan, especially when they offer matching money. Rule of thumb: Free money is your friend - so are tax deductions.

      Another dumb move? Borrowing to buy things that go down in value. Borrowing for a house is one thing - it might go up in value. But borrowing for clothes, cars or anything that goes down in value? Not the path to riches.

      And a final dumb idea: paying full price for rarely used stuff like lawnmowers and ladders.

      Better idea? Form a buying coup with your neighbors, so you can cut both the cost and the clutter of stuff like this.

      And here's one more dumb thing people do: they get ideas like these that free up cash, then fritter money away instead paying down debt or beefing up savings. Want more ideas? They're waiting for you online at MoneyTalksNews.com .

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