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CBSMoneyWatch: The 7 Deadly Financial Mistakes

1. Failing to maintain an adequate emergency reserve fund.

Maintaining 6 to 12 months of living expenses allows you to ride out many a financial storm without raiding your retirement assets. For those in retirement, carrying 12 to 24 months of expenses is even better.

(iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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