Personal Finance Buzz

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Often it is hard to tell bad advice until after you’ve followed it, however when it comes to your finances you can’t afford to follow advice in the hopes that it will be good – you have to know before you take the advice whether it is bad. When it comes to the worst personal finance advice everyone has advice they wish they hadn’t heeded – so how do you spot the good from the bad?

Grandma and Grandpa worked hard all their lives and tucked away a little nest egg, but if one of them goes into a nursing home, how long will their savings last?

When it comes to money, there is no shortage of advice out there. Some of it is funny, and some of it is just plain stupid. And, of course, some of the money advice out there can inspire you to make better decisions.

Read this career advice for graduates. Simple tips to help new college graduates navigate their early career and money management. Getting your financial and career life together is a solid idea.

To help you out, however, here’s a list of commonly heard financial advice that ranges from illogical to downright dangerous:

One of my fondest memories growing up was listening to my dad refer to himself as “the money tree.” In addition to tongue in cheek observations, my dad also had some good money advice.