5 Money Rules You Should Not Always Follow

When it comes to managing your money, there’s no shortage of rules to follow. From saving a certain percentage of your income to not racking up debt, to diversifying your investments, it’s easy to find guidelines that are meant to steer you toward a life of financial security.

Yet there are times when well-meaning financial advice isn’t so great. Perhaps the person sharing his or her wisdom is out of touch with current financial realities, like a well-meaning but misguided parent. Or maybe an otherwise sensible rule of thumb doesn’t apply in a certain situation. Unfortunately, if you always follow the conventional money wisdom, you may end making some big financial mistakes.

Here are five money rules that it’s sometimes OK to break…

Read the full article at 5 Money Rules You Should Not Always Follow

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