Financial advice is everywhere, but much of it falls into the realm of rumor, half-truth and speculation.
When talking about your finances, it helps to identify your goals and establish a plan that brings those goals closer to fruition. If you need help, look for qualified individuals (accountants, legal counsel, financial planners, etc.) to provide guidance. But in the end, the money is yours and you need to be comfortable with your plan.
Although financial decisions are not one-size-fits-all, there are some best practices. In honor of April Fool’s Day – and the beginning of U.S. National Financial Literacy Month – see if you can tell which of these statements are financial fact or a financial fool’s errand.
How did you do? If you need some additional information, go to our Financial Wellness page for resources and tips for saving, credit repair, home buying, and more.