Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

12 Common Money Myths You Need to Forget You’ve Ever Heard

June 17, 2021 · Saving & Spending

Bargains should not be missed

Buying something just because it has a great price or on sale is one of the most common tactics retailers use to make you spend more, warns Chelsea Hudson, personal finance expert for TopCashback.com. They make us believe we’re saving money when in fact we are actually spending more by making even more purchases whose costs exceed the amount we might have saved by purchasing the so-called bargain.

“In our eagerness to save money on expenses, believing you’re getting a bargain can financially punish you in the long run,” says Hudson. Bulk buying, cheap but incomplete insurance policies and opting for price over value can affect your budget much more than it seems at first glance.

Read also: 10 Things You’ll Spend A Lot On In Retirement

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A warm watercolor illustration of a cozy apartment protected by a glowing golden dome, symbolizing renters insurance security. What Renters Insurance Really Covers - and What It Doesn't
  • A senior woman sits thoughtfully at a wooden table with a notebook and coffee, planning in the warm morning light. The Latest CPI Data Could Change Retirees' 2027 COLA—Here's Why
  • An illustration of a retired couple standing on their sunny porch, looking out at a garden, symbolizing financial peace of mind. Here's How Much Money Retirees Could Keep if Social Security Taxes End
  • A retired couple reviews financial papers together at their wooden dining table in warm morning light. Here's How a Proposed $2,000 Payment May Affect Social Security
  • A senior woman at a kitchen table checking a circled date on her calendar next to a laptop. Update: Social Security Is Changing How Millions Get Paid - Here’s What to Know
  • A man in his 60s reviews retirement savings charts on a tablet at his kitchen table in the morning light. Is Your 401(k) Keeping Pace? See the Average Balance by Age in 2026
  • A watercolor illustration of a garden path with signs for retirement ages 62, 67, and 70 under a bright, sunny sky. 6 Easy Steps to Estimate Your Social Security Benefits
  • A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill 9 Scenic (and Cheap) Destinations That Rarely Disappoint
  • A retired couple stands amidst moving boxes in their living room, bathed in warm afternoon sunlight during their relocation process. 8 Common Relocation Mistakes Retirees Tend to Make
  • 7 Costco Items Worth Buying in Retirement Because They Actually Lower What You Spend Each Month

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

Did You Know These 12 Facts About Annuities That Could Help Your Finances?

A father and son share a joyful hug, illustrating the peace of mind that protecting…

Read More →

30 Electronics That Are Hiking up Your Electric Bill for No Reason

Leaving this glowing wall sconce on all night is a simple mistake that hikes up…

Read More →
A smiling retired couple enjoying a peaceful morning on their sunny outdoor deck.

11 Expenses You No Longer Need in Retirement

Discover the 11 major expenses that disappear in retirement, from commuting and payroll taxes to…

Read More →

Things You Should Do to Save Money

Learn To Say ‘No’ Do you sometimes wish you could just put your foot down…

Read More →

20 Smart Strategies to Boost Your Savings and Retire Rich

Save at Least 10% Per Year In order to have a comfortable and enjoyable retirement,…

Read More →

7 Biggest Social Security and Medicare Changes in 2021

A distinguished man in a suit stands in his library, reflecting on his maximum retirement…

Read More →

10 Ways to Invest in Your Retirement Without Saving Money

Let’s great it down! Your future goal could be to buy a smaller house during…

Read More →

7 Costco Items Worth Buying in Retirement Because They Actually Lower What You Spend Each Month

5. Discounted Restaurant and Entertainment Gift Cards Living on a fixed income does not mean…

Read More →

12 Huge Financial Mistakes Most Seniors Make Before Retirement

You Don’t Think of ALL Financial Decisions as Retirement Decisions You don’t HAVE to think…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.