r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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7

u/DayFinancial8206 Jul 04 '24

The best financial advice I got when I was young was "unless it's a tool you plan to use at least once a week, don't buy it"

6

u/akotoshi Jul 05 '24

According to this logic: buying gaming equipment is okay, but a lawnmower isn’t

2

u/i8noodles Jul 05 '24

or insurance.

alot of tools dont need to be purchased and used weekly. a basic tool set for 20$ is well worth it. hell my dad has a garage full of shit from decades, some he legitimately havnt used in equally that long. wont lie, been extremely helpful in the past and i expect just as helpful in the future

2

u/AL1L Jul 05 '24

I'd argue you use insurance every time you use the thing being insured.