5 Financial Rules of Thumb You Should Break | Student Loan Hero: Financial rules of thumb are everywhere. No matter what you’re trying to do with your money, there’s at least one general recommendation you can follow to help you manage your money more effectively.
“Finance is an area that causes people a lot of stress,” said Justin Harvey, a certified financial planner who is the president of Quantifi Planning. “Rules of thumb provide some sense of certainty and concreteness. It gives them a sense of direction.”
Rules of thumb are a great goal to have when you’re starting out, but they can give you a false sense of security if you aren’t careful, he said.