saving myths

Discussion in 'Money & Investing' started by sweet_mayhem, Nov 6, 2006.

  1. sweet_mayhem

    sweet_mayhem Registered Member

    have you encountered some saving tips which you found to be false? what are they?

  2. Melos

    Melos Registered Member

    I haven't come across too many savings myths other than the usual grocery store "always use coupons" and "buy generic" ones. Those aren't always true.

    Also, in the case of credit card debt, to pay down the card with the lowest balance first. That will not always reflect the greatest savings.
  3. katharina

    katharina Registered Member

    Good tips. I'd add that it's often not a good idea to use just one bank. One may give higher savings interest and another could have free checking, etc. I guess it's that old "all your eggs in one basket" thing.

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