5 money "rules" meant to be broken

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5 money "rules" meant to be broken

Jul!a Jul!a
We've all heard "steadfast rules" about how we should be handling our money to get the most bang for our buck, so to speak. But there are a few rules we've been holding onto for a little too long it looks like. Or at least that we should reconsider. Check out 5 money "rules" meant to be broken and find out what money rules you might have been following but don't necessarily have to be.
06/23/2011
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Rockin' Rockin'
Dude! A former roommate tried to convince me that the last one on that list was true. She was all, "You only earn credit when they charge you interest and you make a minimum payment. If you always pay off your balance, that doesn't do anything." Uh...no.

I like that they mention the mortgate payoff stuff, too. With interest rates so low now, you really can make more investing than you'd "make" building equity. Cool article.
06/23/2011
Sammi Sammi
That is a really good article - some of those you hear so often you do think they're absolutely true.
06/24/2011
married with children married with children
I disagree with not paying off your house.
06/24/2011
Total posts: 4
Unique posters: 4