DIPPING INTO YOUR 401(k) EARLY

money, job, checks, 401K, health insurance, career, save woman picking money off of a tree That\'ll cost you a penalty of at least 10% for cashing in before you\'re 59. Add the taxes Uncle Sam collects and you\'ve already lost a sizeable chunk of your savings. If you\'re between jobs, use this as a last resort - it will sting in the long run.

PAYING CREDIT CARD BILLS LATE

money, job, checks, 401K, health insurance, career, save credit card bills Of course you\'ll get hit with killer late fees from your bank, but you\'ll also damage your credit score. According to the Fair Isaac Corporation, the company that calculates your FICO score, paying your bills on time accounts for 35% of your score - so one late payment could result in deductions of up to 100 points.

SWITCHING CELL PHONE PLANS MIDWAY THROUGH THE CONTRACT

money, job, checks, 401K, health insurance, career, save woman with credit card and cell phone Cell phone companies tack on enormous fees - upwards of $150 in many cases - to discourage customers from terminating their contracts early. So if you\'re feeling the lure of the iPhone siren song, hang tight. The iPhone will still be there once your contract expires, and you\'ll have saved a big wad of cash.

GOING WITHOUT HEALTH INSURANCE

money, job, checks, 401K, health insurance, career, save doctor stethascope ekg print out An estimated 47 million Americans go without any sort of health care coverage. Tempting as it may be to save a bundle on health care, consider this: Even minor injuries that require an unexpected emergency room visit could saddle you with thousands of dollars in debt. Nearly half of all bankruptcies today are attributable to overwhelming medical costs, according to recent Harvard study. Health care is not where you should be skimping.

BOUNCING CHECKS

money, job, checks, 401K, health insurance, career, save calculator and check book It\'s one thing to bounce a check now and again. That\'ll cost you roughly $25, give or take depending on your bank\'s policies. But writing a check you know won\'t clear is against the law. If you\'re expecting deposits, make sure they\'ve all cleared before writing a check for anything else.

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