Sound money management advice from Grandma
5 financial adages to live by
Our grandparents didn't have an app for keeping track of their income, sticking to a budget or saving money. They couldn't click onto a website or find a cable channel for instant stock market quotes. They may never have met, let alone hired, a professional financial adviser.
Instead, they relied on simple, common-sense rules that even the pros will vouch for as sound money management advice. Maybe they borrowed a credo from someone famous -- such as Ben Franklin's, "A penny saved is a penny earned" -- or maybe they came up with their own.
We asked a few money management experts for their favorite examples of old-fashioned financial advice that still works. Here are five financial planning tips that are grandma-tested, expert-approved.