Win a $50 Giftcard to use in a Best Buy store or online at BestBuy.com
The winner has been chosen! Congratulations to Jackie H! Thanks to everyone who stopped by my blog and entered my contest! Please stop by again soon and see what other exciting giveaways we have coming soon!
Welcome to Cents & Sensibility’s first giveaway! I’m very excited to offer this to new and not-so-new readers. I’m not sure there’s anyone on earth that can’t find something fun in Best Buy. I hope you like my blog and good luck in the contest!
Please leave your mandatory answers (ie Pinterest name) in the comments section below
My helpful partners in Contesting Crime – they help spread the word, visit them for more giveaways.
a 6.6 percent mortgage is a good rate
LOL, Yes, I can relate to that vicious lie. Thanks for posting!
The worst financial advice I was ever given was to use my RRSPs to pay for flight school – BAD BAD BAD idea!
Hi Sunshine
Hah! Yes, I am still debating the wonders of us pulling out RRSP’s for a down payment on our house. I feel your pain.
The worst I have ever been given is that You can’t lose with real estate. 🙁
Yeesh, I’ve heard that before, actually. It’s hard to resist at the time and when you do it, you do it big. That’s a difficult situation to back out of when you realize that it’s too much.
To sign over on someone else’s mortgage and help out paying it… bad, bad choice.
Hi Sydney
Sounds like you were trying to help out someone and it didn’t go well. I’m sorry to hear that!
The worst financial advice is to keep signing up for as many credit cards as possible!
Yeah, I made that mistake when I was young. I was told that the more credit you have available, the better it looked! Not true, not true at all.
Followed you on Pinterest http://pinterest.com/awwainvancouver/
Thanks! Noted! 🙂
Are RRSP the best investment for a 10yr Old?
It’s an early start but there’s nothing wrong with that!
I think the worst was don’t worry about credit cards, you can pay them later
I was advised to invest in a couple of stocks that tanked.
That happened to my brother after he invested in some oil and gas start-ups. Sadly, oil & gas does not automatically equal $$
pinterest Suzquiz m
I’m not a financial expert but the worst advice I was given was to just “put it on your credit card – you can pay it later” when it came to something I didn’t really need. I had no idea how credit cards, and interest worked until I racked up a bit of debt, that I’ve luckily gotten out of.
Good for you for figuring that out and getting yourself out of that situation! Smart lady!
Worst advice = talk to an investment advisor.
When I was in my twenties I had a friend who got me into the stock market — and let’s just say it didn’t end well. I do a lot more research now before making any financial decision.
That’s an important point, I know I’ve read that you should only invest in things that you understand – like a product you use in your everyday life or (for example, Johnson & Johnson). We’ve had fairly good luck with following this policy. Thanks for posting!
I was told the more credit cards the better, even if you don’t use them.
Nothing mind blowing but worst advice I’ve received was when I got my first credit card as a teenager and getting told by a friend that I shouldn’t worry about having to pay on time that it was essentially “free money”
Oh wow! I hope your buddy eventually figured out the difference between credit cards and the lottery. 😉
to live paycheck to paycheck and not save a dime
worst advice was that adding another person on my credit card would have no impact. even though they have never used it and never will (i offered to do it as a favour/treat to a responsible relative because at the time i was in a position to cover small, emergency expenses that they might incur). But, now i can’t get them off the card without having to re-qualify and start all over again – even if they request the removal too. total pain.
Wow, I had no idea that it could be so complicated to remove some one from your credit card account – you’d think it would be easier considering it’s your account. Memo to me: Read the fine print! Thanks for posting and good luck in the contest!
to walk away from our house ..we got in over our heads and I went to speak to a bankruptcy person..he was very young and said to just walk —- still trying to re-establish all the credit we lost and found it we had other options
Oh my, that’s tough! I know it can be hard to think straight when you’re under that kind of pressure. I imagine that you were just desperately searching for answers and this was the only one that had at that time. I’ve been there myself – literally.
I know it’s a long road back from that decision, I’m still on it myself and won’t see daylight for a while yet. Good luck to you in the contest, Lisa! Thanks for stopping by my blog!
I really can’t think of any really bad advice, but I have received lots of good advice. Family of bankers.
That’s alright! Good advice on money is hard to come by, you’re lucky!
I follow you on Pinterest!
http://pinterest.com/3littlecrows/
Thanks!
I subscribed via email (2x) (but didn’t get a confirmation in my inbox yet?) Hope it worked.
Great info! Tks.
Hi Lisa
I’ve sent you an email regarding this matter, it’s been resolved. Thanks for stopping by!