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Our Do’s and Don’ts of Personal Finance

November 25, 2015

Throughout the personal finance community, there are countless sources of information that can confuse even the most savvy among us. When in doubt, it can be helpful to turn to some universal do’s and don’ts when it comes to finances.


  • Live on less than you earn
  • Save for retirement as early and often as possible
  • Invest your money (and invest in yourself)
  • Avoid high-interest credit card debt
  • Build an emergency fund and plan for a “rainy day”
  • Use a money tool that works for you
  • Find a money mentor
  • Create an effective budget
  • Break the paycheck-to-paycheck cycle
  • Question if it’s best to rent or buy
  • Spend on what matters; sell what doesn’t
  • Give (your money and your time)
  • Regularly talk to your friends, relatives or spouse about money
  • Ask for a raise
  • Read Your Money or Your Life
  • Track your net worth
  • Work hard
  • Make a plan for debt freedom
  • Understand your credit report
  • Know where your retirement savings are going (which funds, how they’re allocated, and the associated fees)
  • Diversify (your investments as well as your income sources)
  • Be radical
  • Be kind


  • Trade time for stuff
  • Use a bank that loads you down with fees
  • Blindly listen to financial advisors
  • Be under-insured
  • Be over-insured
  • Buy a brand new car (DO buy used!)
  • Keep up with the Joneses (they’re broke)
  • Pay to store your shit
  • Gamble away your money
  • Buy more house than you can afford
  • Risk more than you can afford to lose
  • Pretend you know everything about money (there’s always more to learn)
  • Give or take bad advice
  • Sacrifice your well-being for more money
  • Dip into retirement savings to pay for common expenses
  • Put off saving now in the hopes of saving later (you probably won’t)
  • Seek comfort over freedom
  • Cut back for the sake of cutting back (you should have a goal)
  • Confuse frugality for being cheap
  • Be an asshole
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  • disqus_pWPIgY7Xpm

    What a great article, thanks. I’m proud to say I’m doing good in the “Dos” and reducing the “Donts”, yay. Thought you’d be interested in checking out my latest post on the Value of Time

  • Thias @ It Pays Dividends

    I think I grade out pretty well in this list. There is always room for improvement however. I know I am currently under-insured and need to remedy that, which should be taken care of in the near future!

    • Save Money, Dammit!

      Sounds great, Thias! Yeah, we were shamefully under-insured up until just recently. It can be a headache wading through the various policies/options/etc 🙂 thanks for stopping by and commenting!