Angela Colley of details some of the money mistakes renters make, including not reading the lease, being unprepared for disaster, and overstaying their welcome. The financial setbacks for the mistakes on this list can be significant.

"Most leases have a “carryover” clause that says you’ll be charged if you aren’t moved by the lease-end date. So if you were supposed to be out on the 30th, but it took until the 2nd to get the place cleaned up and the keys turned in, you could be charged two additional days of rent."

"The only way to save yourself from the potentially huge financial loss is getting renter’s insurance. It’ll run you $15 to $30 a month on average, according to the National Association of Insurance Commissioners, but it’s worth it."

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