Exploding the ten most expensive money myths

Sarah Coles
Close up of a curled tape measure.
Close up of a curled tape measure.

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We couldn't get through life without rules of thumb. Without them we'd have no idea whether it was worth shopping around, we'd respond with optimism to the complete stranger who approaches us online with a job offer, and we'd live in hope that we could get a great deal exchanging our holiday money at the airport.

But while many rules of thumb save us a small fortune, there others that have evolved into fully-fledged money myths: which lead us astray on a regular basis.