When It Pays to Bend Financial Rules

Financial rules of thumb take a lot of the guesswork out of money issues, but one size may not fit all.

(Image credit: ©JGI/Jamie Grill/Blend Images LLC)

There is an exception to every rule — even some of our favorite personal finance maxims. Here are seven rules we think are made to be bent or broken.

Rule 1: Shop early for the best deals. Shopping early is key if you want the most choice, whether it’s a winter parka in a certain size or a family-friendly cabin on a cruise. It’s also wise to plan your shopping early for gifts tied to holidays, such as Christmas or Valentine’s Day, or for travel around popular holiday weekends.

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Miriam Cross
Associate Editor, Kiplinger's Personal Finance
Miriam lived in Toronto, Canada, before joining Kiplinger's Personal Finance in November 2012. Prior to that, she freelanced as a fact-checker for several Canadian publications, including Reader's Digest Canada, Style at Home and Air Canada's enRoute. She received a BA from the University of Toronto with a major in English literature and completed a certificate in Magazine and Web Publishing at Ryerson University.