Unsure if that bit of advice you were given about money is true or not? We look at some widely held beliefs about finance and put the matter straight.
There’s plenty of myths about money. Whether it’s a catch-free scheme to earn it (spoiler, there’s always a catch) or unwritten rules around credit cards, few things attract as much inaccurate advice. And it’s even more so with how to approach borrowing it.
These misconceptions can actually damage your finances, as following unsound advice could have a harmful effect on your credit score or leave you in an unhealthy debt situation.
This Halloween we don’t want you to get spooked by bad money advice, so this quiz should teach you about whether eight commonly held beliefs about money are either tricks or treats for your financial know-how. If you think it’s true, click treat, false answer trick. Good luck!