10 money rules we don't follow anymore / 88

It's funny how some money rules can feel like absolute truth... until they don't. As we've learned more about personal finance — and lived a little more life — we've found ourselves changing our minds about advice we used to follow (sometimes, without question). Some of those rules helped us build great habits, while others eventually became more limiting than helpful.In this episode, we're sharing ten money rules we've personally let go of over the years, from avoiding all debt and obsessing over lifestyle creep to believing you have to buy a house or put 20% down to be "good" with money. We talk about what changed our minds, where these rules can still be helpful, and why personal finance is often a lot more nuanced than the internet makes it seem.✨ Episode Highlights ✨[00:00] Why we're revisiting the money rules we used to follow, and why it's okay for your financial philosophy to evolve[02:00] Why we no longer believe all debt is bad, and how low-interest debt can sometimes make financial sense[04:30] Our approach to using credit cards responsibly, and why avoiding them isn't always the best advice[06:00] Why waiting to invest until you're completely debt-free can cost you valuable time in the market[09:00] The difference between intentional lifestyle upgrades and keeping up with everyone else[12:00] Why we don't believe buying a home should be everyone's default financial goal (but it’s okay if it’s your goal) — and why renting can be a great choice for many[16:00] The truth about putting 20% down on a house and why many buyers take a different path[19:30] Why your emergency fund is meant to be used, and how to let go of the guilt when life happens[24:00] How our views on the FIRE movement have changed and why balance matters more than financial perfection[29:30] Why the "financially optimized" choice isn't always the right choice — and how talking openly about money can make all the difference✨ Resources ✨Episode 70: Rethinking the Emergency FundEpisode 8: Debt 101: Is being in debt always bad?📩 Get The Finance Girlies newsletter: https://www.thefinancegirlies.com/newsletter💻Visit The Finance Girlies website: https://www.thefinancegirlies.com/💖Email us your money questions: [email protected]📸Follow us on Instagram:https://www.instagram.com/thefinancegirlies/