Top 5 Money Myths

Top 5 Money Myths

Top 5 Money Myths Exposed

Due to the coronavirus, high school and college commencements in general, are being held online. For the college Class of 2020, we have some financial advice to offer. Plus, we will expose the top 5 money myths that hopefully will get you started down the right path.

Based on personal experience, I’ve come across young graduates that are of the mind-set “let’s just kick back & be young for the time being and adulting will kick in when it’s ready.” As I look back now, this is not what I would recommend to 2020 grads or for any student.

My best recommendation to you is to get your finances in View full post…

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Common Money Myths & Debt

Some Common Money Myths and Debt

Don't be fooled by some of the money mythsEach of us has our own pre-conceived ideas as to how money plays a part in our daily lives. Because of those ideas, it’s no wonder money myths are so prevalent. What’s more, this hype perpetuates not only from friends and acquaintances, but financial professionals as well.

Some of these sayings remind me of the saying “old wives tales”, and indeed, they may be. This first one is a good example.

  1. Never payoff your credit card balance in full because it will affect your credit score in a negative way.

Wrong – Keeping an outstanding balance on a credit card will not improve your credit score. View full post…

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