Myth: Mother or Father Knows Best

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 was best for them, while you should do what makes the most sense for you. Thank your parents for giving you solid advice when it comes to financial responsibility, even if you have to handle your finances differently.