Personal-Finance Tips for the Non-Braindead ? Econ4U.org

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Being a personal-finance aficionado, I always click on those articles that promise to help cut the fat from your budget. Most recently, I was intrigued by the idea of RealSimple.com?s ?24 Hours of Savings? article for finding ways to trim your spending throughout the day.

However, it?s disappointing that the bulk of the advice seems to be to cut back on lattes, deli sandwiches, sweets, booze, and takeout. All told, the amount of money the article says you can save by slashing those edible expenditures amounts to at least $26 per day.

My first reaction? ?If you?re spending $26 a day on takeout, that?s $9,490 a year ? no wonder you have money problems.?

It?s an unfortunate habit for personal-finance articles to contain unhelpful, overly general advice you have probably already thought of yourself. (For your amusement, here?s another example.) And much of the time, it amounts to little more than pound-foolishness.

So let?s put the question to you: What?s the most simpleminded advice you?ve ever seen in a personal-finance publication? And what kinds of tips do you find the most helpful?

Source: http://econ4u.org/blog/2011/09/13/personal-finance-tips-for-the-non-braindead/

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