Myth: Debit Is Always Better Than Credit

Purchasing less expensive items could also mean buying lesser quality, meaning you will have to buy the same article more often.

Knowing how long something should last versus how much you'd like to pay, can balance quality and price.

Consumers need to protect themselves when dealing with banks. Don't let the bank make financial decisions for you.

Signing up for a new credit card because you were pre-qualified will not always end in well. Despite good credit scores and money in the bank, only you know y...

It makes sense to stock up on non-perishable items such as soap and canned goods.

However, buying wholesale perishable items like fruit and milk might mean it goes to waste if you can't consume it before the expiration date.

Leaving money in your checking account might make you spend more than you planned, simply because the money is available. The money in your checking is also not earning any return.

Instead, lessen the temptation. Try budgeting carefully enough and transfer the extr...

Coupons are sold in lots to allow couponers to stock up on the best deals.

While coupons are great to save money, it does not make sense to spend on coupons in order to save. Coupons vary greatly by geographic location and store, and may not apply to your geographic area. ...

Instantly stopping your bad spending and saving habits may set you up for failure and leave you feeling discouraged and less motivated to improve your finances.

Changing your spending habits should be taken on in smaller steps. For example, if you like to eat out, save...

Your parents were in their prime in a very different social and economic climate. What was good for them may no longer be true.

By managing your money differently to your parents does not make you ungrateful. It acknowledges that your parents managed money in a way that w...