Get Help And Discuss STEM Concepts From Math To Data Science & Financial Literacy
STEM Gender Equality | Join us on ZOOM | Spreading Mathematical Happiness

Help The Education Support Forum through MathsGee serve learners across Africa with a DONATION

0 like 0 dislike
41 views
WHat are some of the false myths around saving money?
in Financial Literacy by Diamond (49,546 points) | 41 views

1 Answer

0 like 0 dislike
  • To save, you have to be rich or make a lot of money. Otherwise, I can’t save much, so I shouldn’t bother because it's not worth saving if I can only contribute a small amount.
  • I am too young to save for retirement, or I'm old and it's too late for me to start saving for retirement.
  • Using cash is always better. Credit is bad, all debt is bad.
  • I don't need a budget because I have enough in my account to cover all expenses.
  • Buying a home is smarter than renting.
  • The cheaper the better.
  • I should save every penny I make.
  • I should using credit card rewards such as free or heavily discounted travel or cash back.
  • I should by during sales and promotions.
  • I should buy in bulk
  • Savings means cutting out the fun stuff.
by Silver Status (28,731 points)

Related questions

0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
asked Sep 17 in Grade 9 EMS by Joshua Mwanza Diamond (38,545 points) | 7 views
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
asked Mar 13, 2019 in A Level Maths by Tedsf Diamond (49,546 points) | 33 views
0 like 0 dislike
0 answers
0 like 0 dislike
0 answers

Welcome to MathsGee Q&A Bank, Africa’s largest personalized STEM and Financial Literacy education network that helps people find answers to problems, connect with others and take action to improve their outcomes.


MathsGee Q&A is the STEM and Financial Literacy knowledge-sharing community where students and experts put their heads together to crack their toughest questions.


Help The Education Support Forum through MathsGee serve learners across Africa with a DONATION

Enter your email address:

11,239 questions
9,393 answers
96 comments
10,262 users