5 common personal finance myths

[jeffrey]

Some common personal finance myths related by personal finance advisors:

Myth 1: Saving can wait.

Myth 2: If I keep up with my minimum payments, I'm doing OK.

Myth 3: Marrying someone with bad credit will negatively affect my credit score.

Myth 4: I'm not rich, so I don't need an estate plan.

Myth 5: Investing in bonds is much less risky than investing in the stock market.

http://www.inforum.com/event/article/id/402391/

[lorraineb]

Kind off off the topic here, but marrying someone with bad credit is an issue that I would want to have solved before getting married since if it isn't, it is going to make the marriage a lot rougher when it comes to finances. The concern shouldn't be that your credit will be negatively affected, but solving the issues that has your partner with bad credit in the first place before getting married. Those are not issues that get resolved just because you get married.

[GREENBACK]

Myth 5: Investing in bonds is much less risky than investing in the stock market.

http://www.inforum.com/event/article/id/402391/

This is one that many may see the reality of in the not so distant future.