Money Management.
It can be the difference between living free from financial worries or scraping by from paycheck to paycheck. But there are several money management myths floating around that can act as roadblocks on your way to financial security.
Fear not, however, because we’re here to guide you through these myths and help establish a financial plan that’s right for you.
5 Myths of Money Management
1.) Always use rewards credit cards for big purchases
This can potentially be a dangerous line of thinking. While these types of credit cards often have fantastic rewards, they also usually have higher interest rates. So while it may seem enticing to get the boatload of airline miles that would come with a $5,000 purchase, it could cost you a lot more money in the long run if you won’t be able to pay your balance in full at the end of the month.
Stick with low interest credit cards for bigger purchases that you plan to finance. They d
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