When it comes to managing your finances, it’s tough to separate fact from fiction.

Whether you’re listening to outdated advice or blindly following broad rules of thumb, personal finance myths are rampant. To debunk common misunderstandings, U.S. News asked financial experts to weigh in on the money misconceptions they’d like to see debunked. Their answers have been edited for length and clarity.

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8 Personal Finance Myths Money Experts Want to See Disappear originally appeared on usnews.com