We're already deep into January and it is much too late to correct the financial mistakes made in 2004 but the Times of London did look at what people did or did not do, and compiled what they call a hit list of the money wasters' most common errors. When we talk about money wasters, we're really talking about those individuals who like to get up in the morning and proceed to rip up $10 bills.

According to the Times, the common theme is a consumer's insistence on loyalty to banks, fund managers, the tax entity, and salespeople. Yes, you got that right, salespeople, like in insurance. The Times says that in many instances, these entities simply do not deserve your loyalty.  Let's look at this closer.

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