Credit cards always help you save money.

It’s important to start saving for retirement as soon as you start earning money.

A high credit score means you are good at managing debt.

Borrowing money from payday lenders is a good way to manage short-term expenses.

Interest is money you pay for borrowing money or earn for saving money.

All debts are bad for your financial health.

It’s better to save money in a piggy bank than in a bank account.

Paying the minimum payment on a credit card will help you pay off your debt quickly.

A cheque account is primarily used for daily expenses and transactions.

Investing in stocks is risk-free.

Having health insurance is an unnecessary expense if you are healthy.

It’s okay to spend more than you earn as long as you have a credit card.

You should compare prices before making a large purchase.

Student loans do not need to be repaid if you drop out of school.

Diversifying your investments can reduce risk.

Only rich people need to worry about saving and investing.

Taxes must be paid on income you earn from a job.

A debit card is the same as a credit card.

It’s a good idea to review your bank statements regularly.

You should start planning for big expenses, like college or a car,

Carrying a balance on your credit card improves your credit score.

An overdraft fee is charged when you spend more money than you have in your account.

It’s wise to spend your entire paycheck each month.

You should try to live within your means.

A savings account usually earns more interest than a cheque account.

It’s important to have financial goals.

Borrowing money from family or friends doesn’t need to be repaid.