Comments on: What’s the Best Financial Advice You’ve Ever Received?

By: chai

chai — Wed, 22 Oct 2008 02:01:50 +0000

for me the effective financial advice is "don't but things when not needed" and buy it when you have extra money.. effective financial advisor

By: Done To Zen » Most important financial advice

Done To Zen » Most important financial advice — Sun, 19 Oct 2008 17:20:17 +0000

[...] Money asks what is the best financial advice you ever received?. It’s a hard question to answer, not because I haven’t received any financial advice in [...]

By: Mrs. PT

Mrs. PT — Sun, 12 Oct 2008 20:18:09 +0000

When I was in college, an older co-worker told me to decide how much I can save and then just forget about that money and don’t touch.

I guess in a round about way this is kind of like automated savings.

By: Tim

Tim — Sat, 11 Oct 2008 04:27:14 +0000

I know this is a simple one, but the first (and best) financial advice I got from my mom (who got it from her parents) was “Never spend money you don’t have.” That’s stuck with me and although I use a credit card, I never use more than I know I have in the bank that I can pay off.

By: Budgets are Sexy.

Budgets are Sexy. — Fri, 10 Oct 2008 21:33:40 +0000

Invest whatever your employer matches into your 401(k)! that was my dad’s #1 rule, and while i didn’t like it at first, i’ve been ALL over it

good post.

By: FFB

FFB — Fri, 10 Oct 2008 12:55:14 +0000

Automatic savings is a good one! That’s helped me to sock away money. Before I automated savings I would always tell myself I would put money away but by the end of the month it would be gone. It got spent! By automating I made sure that I was always saving.

By: Sheila

Sheila — Fri, 10 Oct 2008 12:50:15 +0000

Spend less than you make. I’m not being flip, and I think so many people miss this first step.