Shop on a Budget (And Other Personal Finance Myths)     Text
Size   Published: Tuesday, 26 Feb 2013 | 8:01 PM ET By:
Christina Couch David Paul Morris | Bloomberg | Getty Images
Think you're financially savvy? When it comes to their personal
finances, people carry around notions all their lives that may
or may not be valid. For example, you've heard that money can't
buy you love, but can it buy happiness? Most people believe that
it can't -- but science may prove them wrong.  Here are seven
personal finance myths that happen to be everyday beliefs about
the way we consider and handle money. Many of these myths fool
even the smartest of savers. The latest research will help you
discern the facts and see through the smoke.  Budgeting is the
best way to save money  A study by researchers from Brigham
Young University and Emory University shows that consumers who
shopped with a spending limit spent up to 50 percent more on a
single item than consumers without a budget.  Jeff Larson, the
study's co-author and an