Five Money Myths That May Be Fouling Up Your Finances

lady throwing money - money myths finances
lady throwing money - money myths finances

Certain money myths may be getting in the way of how you handle your personal finances. Does your financial belief system include any of these?

1. Procrastination. What 24-year-old hasn't thought, "Ewwww, retirement planning? BO-ring! I'm young -- I'll have plenty of time to get around to that." Thus, many an otherwise smart person has lost out on thousands or even hundreds of thousands of dollars in compounded interest they would have earned had they started saving in their 20s rather than in their 30s, or even 40s.