5 Frugal Living Myths That Are Keeping You Poor

Everywhere you turn, people offer personal finance advice that is supposed to make your life better.

That’s nice if those tips are actually true.

Unfortunately, not all frugal living and personal finance tips are created equal. Here are 5 myths that will keep you poor.

Marketers tell you this incredible deal is going away, and if you don’t act now, then you will miss out forever. Not all discounts are the same, so think before you buy.

Good Deals Save You Money

The key to making credit cards work is to pair a great rewards card with a plan only to charge items that you can safely pay off when the statement arrives.

Don’t Use Credit Cards

The *only* way to save money is to spend less than you earn. That means you need to decrease your expenses or increase your income.

I Don’t Earn Enough To Save

Not all banks offer the same interest rates, so look for a high-yield savings account to maximize your savings.

Savings Account Interest Is Too Little To Matter

Swipe up for more!