Myth Breakers

If you are like most Americans, you find the concept of managing your personal finances daunting. But it doesn’t have to be. Misinformation and lack of knowledge can prevent individuals and families from achieving financial stability. Read below to see how we break some of the most common personal finance myths that may be getting in the way of your financial success.

Myths vs. Reality

Additional Information

This content is provided by the AFSA Education Foundation for informational and educational purposes and is not intended as financial or legal advice. Individual financial situations may vary.

MoneySKILL® is a comprehensive, interactive online curriculum that teaches personal finance concepts in the areas of income, expenses, credit, saving and investing, and insurance. Its content has been created by experts in the field of finance and credit counseling and is available at no cost. For more information, visit

MoneySKILL takes a vast amount of information and divides it compactly into manageable chunks. The students learn the basics across a wide variety of personal finance topics.

Kelly H. Markson Ph.D.

Economics Professor

Raleigh, North Carolina


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