Money Myths - Media Mention - SavingAdvice.com Blog

Money Myths - Media Mention

Posted by pfadvice
May 13, 2006

Michelle Singletary - Washington Post Columnist - Color of Money It was a good week for media mentions. Michelle Singletary, who writes the column Color of Money for the Washingtom Post highlighted an article I wrote for the main site about Money Myths. Some of the myths I mention:

I have a savings account so I’m saving money
If I buy something on sale, I’m saving money
If I refinance my house at a lower rate, I’m saving money
If I have a 0% or a cash back credit card, I’m saving money
If I made more money, it would be easy to save money

There are a lot of money myths that take place when you don’t actually run the numbers to see how what you’re doing affects your personal finances.

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Information: May 13th, 2006; 3 Responses

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Reader Comments

Comment Number:: 1
Written by:: makingourway
Posted on:: May 14, 2006 at 6:18 am

Jeff,

Great myth’s!! Congratulations on the press mention.

Regards,
makingourway

PS How about adding:

i’ve set up an IRA with my bank who put my money into a CD.
Or… I own whole life insurance … that’s my retirement.

Comment Number:: 2
Written by:: Mike
Posted on:: May 15, 2006 at 6:50 am

That’s pretty cool. She basically built her whole article on what you wrote. It is usually blogs and websites talking about main stream media, but more and more we are seeing the reverse.