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?"
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
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