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13 people share the worst financial advice they've ever received.

13 people share the worst financial advice they've ever received.

Does anyone really know how money works?

It's hard to say, especially when you think about some of the truly shocking financial advice that people give and receive. A recent Reddit thread asked people, "What's the worst piece of financial advice somebody has given you?"

1. If only this were true.

My aunt took me to a car dealership when I was looking to buy my own first car. I was looking at the clunkers I could afford, but she said I should be looking at the new cars. She said, “the total price doesn’t matter because you make monthly payments.” I suddenly understood too well why she had always been so financially unstable. - rleash

2. Yikes.

So when I was 24, I was financially struggling. I had a job that worked me a LOT of hours, but only paid me $10 an hour.

My parents talked me into buying a BRAND NEW 2004 4-Door Honda Civic, the pre-interest price tag on it was about $25,000. A few weeks after getting it, my hours got regulated and it took one entire paycheck to make the monthly note on it - I could NOT afford the insurance on it.

I very quickly realized my parents were bad at money. - Worlds_Best_Coffee

Sources: Reddit
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