Character mistake: Red says that Andy crawled to freedom through 500 yards - 'just shy of half a mile'. 500 yards is far less than half a mile; in fact, it's less than a third of a mile. It is however just shy of half a kilometer, which may be what King was thinking of when he wrote the book.
The Shawshank Redemption (1994)
1 character mistake - chronological order
Directed by: Frank Darabont
Starring: Morgan Freeman, Clancy Brown, Tim Robbins, William Sadler, Bob Gunton, Gil Bellows
Factual error: When Red is sitting under the oak tree in 1967 and pulls the money out of the envelope, the top bill is signed by Nicholas F. Brady, who was Secretary of the Treasury September 1988 - January 1993. It's less about reading the handwriting as noting the different appearance of different signatures from different eras. (02:14:40)
Red: Andy Dufresne - who crawled through a river of shit and came out clean on the other side.
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Chosen answer: In the original novella it is revealed that Andy smuggled $500 into the prison inside of his rectum. During an interview in 2004 Robbins incorrectly quoted the amount as being $100. The narration up until Red's release is provided as Red writes his account of the events while still in prison, and employs the same method to smuggle the story out. But since the issue of Andy smuggling in $500 into the prison isn't addressed in the movie, we should assume that he smuggled it in. In addition to this, the wardens scams are described as "near slave labor." From this we can assume that it is possible the inmates are getting paid (an incredibly small) wage. Perhaps Andy, with his financial knowledge, knows how to haggle, barter and stretch a dollar. One last (but not as likely) scenario is that Red allows some sort of lay by system to inmates.