1) Your broke finance professor should not be teaching you personal finance.
2) Your bank balance should not be the way to determine if you have money left in the budget.
3) Your car dealer should not be the person helping you choose your next vehicle.
4) Your well-intentioned brother-in-law should not be the one helping you choose life insurance.
5) Your insurance agent should not be your investment advisor.
6) Your credit (debt) score should not be something to brag about.
7) Your emergency fund should not be credit cards!
8) Your car, home, shoes, and watch should not be the only items found on your net worth statement.
9) Your career choice should not be influenced by what you saw on late-night TV.
10) Your children MOST CERTAINLY SHOULD NOT determine what goes onto the grocery list (or go into the grocery cart at the last minute).
I’ll add one:
Your investment decisions should not be made based on the front page of the newspaper (or website).
Ohh, that’s a good one! If I add that and two others to the list we can make it a baker’s dozen “Should Nots” list. Got any friends who are as clever as you who can contribute?
How much something costs a month should not determine if you can afford it.
Awesome one! Thanks for adding to the list!
[…] 10 Financial “Should Nots” […]
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