smart spending

Money lessons from 5 summer movies

'Winnie the Pooh'
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'Winnie the Pooh'

When Winnie the Pooh (admittedly a "bear of very little brain"), misunderstands a note from Christopher Robin, he fears the worst and rallies his friends to go on an unnecessary "rescue" mission.

Real-world money takeaway: It pays to read the fine print and understand a situation thoroughly before you act.

With money management, a big part of looking at the whole story is evaluating if a particular investment or action is not just good, but if it's a good fit for you, Altfest says.

"Look around at all the options and see how it fits in with the rest of you life," says Altfest. "What's good for you might not be good for the person next to you."

And if you're listening to an adviser, "understand what they're doing and make sure they have actually done those things in past markets," Cabaniss says. "And you, as a client, have to choose something that's comfortable to you."


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