Our parents are essentially our first teachers and financial advisors for all our money-related queries growing up. However, their generation were saddled with some very different problems than ours. And older doesn’t mean wiser — as we grow more financially aware over the years, we realise that their money advice isn’t always right.
While I’ve been fortunate to learn important financial tips from my parents, others haven’t been so lucky. Here are some of the worst pieces of financial advice you probably would’ve heard someone of your parents’ generation dish out – and why you should be ignoring them.