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Tuesday, May 24, 2011

Avoid Money Wasters

Just admit it. You waste money every day without realizing it. We all do, from shelling out $4+ for a non-fat extra foam mochafrappacaramelccino or ducking into the corner store to use the ATM. Identifying money-wasting behavior is the first step to correcting it, so pay attention!

CNNMoney has rolled out a list of 10 of the biggest money wasters, the ones that can sneak up on you and drain you bit by bit. Here are five, and for the complete list, check out CNN.

1. ATM Fees: Yes, sometimes it's inconvenient to go out of your way to withdraw money from your bank's ATM instead of just using that other one close by. But when you do use a non-bank ATM, not only are you charged the fee by that ATM, your own bank will usually also charge you. At around $5 total each time, it can really add up if you do that even once a week.

2. Ask yourself this: When was the last time you pulled that Snuggie out of its vacuum-packed bag?Infomercial impulse buys have snagged many a consumer, bringing in about $400 billion a year for the industry Many of those items go unused completely, or rarely enough that the cost to buy them isn't justified.

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