10 Financial Myths To Avoid
Writing checks in red ink won’t prolong the float, and yes, you really do have to pay income tax. Avoid trouble by not getting caught up in myths that could leave you in financial turmoil down the road.
Legends and Tall Tales
• Myth #1: You can float a check longer if you write in red ink.
• Myth #2: You don’t have to pay income tax – it’s illegal.
• Myth #3: People under 18 can’t be held accountable for a debt.
• Myth #4: Hotel key cards have credit card information store in them.
• Myth #5: Boycotting a few gasoline brands will bring gas prices down.
• Myth #6: It’s better if you don’t sign the back of your credit card.
• Myth #7: You can make a pile of dough by helping a foreigner solve his money problems.
• Myth #8: You can now opt out of having credit bureaus give your information to anyone who asks.
• Myth #9: You can buy your way out of points on a speeding ticket.
• Myth #10: Hotel Bibles often have $100 bills tucked into them.
To read more, visit 10 Financial Urban Legends.
Legends and Tall Tales
• Myth #1: You can float a check longer if you write in red ink.
• Myth #2: You don’t have to pay income tax – it’s illegal.
• Myth #3: People under 18 can’t be held accountable for a debt.
• Myth #4: Hotel key cards have credit card information store in them.
• Myth #5: Boycotting a few gasoline brands will bring gas prices down.
• Myth #6: It’s better if you don’t sign the back of your credit card.
• Myth #7: You can make a pile of dough by helping a foreigner solve his money problems.
• Myth #8: You can now opt out of having credit bureaus give your information to anyone who asks.
• Myth #9: You can buy your way out of points on a speeding ticket.
• Myth #10: Hotel Bibles often have $100 bills tucked into them.
To read more, visit 10 Financial Urban Legends.
posted by Anna at
5:21 AM
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