3 Old Money Rules That No Longer Apply

Everywhere you look within the personal finance world, you can find a money expert dishing out advice about what you should and shouldn’t be doing, from limiting your spending on lattes to recommending different investing strategies. While some of what they say may seem interesting or applicable to your life, you should never feel compelled to blindly follow any money tips you come across on the internet or elsewhere if it doesn’t actually work for you. Besides having a budget, when it comes to one’s finances, there aren’t really any money guidelines that everyone needs to abide by. Of course, here at TFD, we encourage using what you have wisely so you can achieve the ideal life you want, even if you’re working with a limited income. But what you do with your money is always entirely up to you.

Plus, sometimes certain advice that is touted as important isn’t necessarily the best information you should be listening to. In this week’s 3-Minute Guide, brought to you by Skillshare, Erin goes over three old money rules that are outdated, and how to ignore them or rework them to fit your lifestyle and needs. Head over to the TFD YouTube channel to find out what they are.

Image via Unsplash

Like this story? Follow The Financial Diet on FacebookInstagram, and Twitter for weekly tips and inspiration, and sign up for our email newsletter here.

In-Post Social Banners-04

 

Pin It on Pinterest

Share This