7 Surprising Money ‘Rules’ Most People Don’t Know (But Should)
HuffPost
Finance experts reveal the advice that they personally make sure to follow in their own lives.
You’ve probably heard common financial advice like keeping a budget and trying not to spend more than you make. But other tips aren’t as well-known that can help you save a lot of money and create a financially healthy life.
From daily hacks to long-term tips, we talked to financial experts about not-so-obvious money advice they follow. Here’s what to know:
1. Sometimes you have to spend more to save more.
“A low price on a lousy product is actually a terrible deal because you will end up spending more, in the long run, to replace cheaply made items that break easily,” Andrea Woroch, a consumer-finance and budgeting expert, told HuffPost. “Focus on quality and spend more if it means it will last.”
Woroch tries to save on quality merchandise by shopping second-hand for name brands. For big-ticket items, she recommends taking advantage of retail sales events (like Amazon Prime Day) and buying seasonal items (like patio furniture and winter clothing) at the end of the season. Other tips: Participate in free loyalty programs and search for online coupons before making a purchase.
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