The Most Dangerous Financial Myths


4. ‘Gift is the only way to shower love’

Most often people show their affection to their loved ones by gifting them precious gifts without even knowing if they really want it. People love receiving gifts but to an extent, if it exceeds the limit they feel irritated. No, it’s no one’s fault but a human tendency. If you are eager to gift your dear ones, then give them your time; in this fast-paced busy life, devoting time exclusively for family is becoming shorter.

5. ‘Spend what you earn’

Yes indeed! It’s your hard earned money and no one has the right to object you from spending it. However, have you ever thought of an emergency where you might lose your job unexpectedly or your car might need a pricey repair? Well, in such situations you need enough money to survive. Life is unpredictable you will be in need of money at some point of time then why to wait for situations to occur? Better, you start saving few pennies from your earnings. Start saving by setting up an automatic withdrawal from your checking account into your savings account in a bank where you can keep a check on monthly basis. At the end of a month you will be surprised to find that how much you saved.

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