A Top Economist's Financial Rules to Live By

Author Alan Krueger's high school textbook offers financial lessons for all of us.

(Image credit: © Jeffery Salter 2014)

Kiplinger's spoke with Alan Krueger, a professor of economics and public affairs at Princeton University and author of Explorations in Economics, about common money misthaps. Here's an excerpt from our interview:

What are the most common financial mistakes people make?

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.