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Article:

Why Everything You Know About Saving Money is Wrong

Buying Small "Luxury Items" Isn't the Reason You Live Paycheck to Paycheck

Ignore the Myths

Q: What are some particularly pernicious ideas or myths that the personal finance industry pushes?

"A lot. 

Obviously, this whole idea that your luxury spending is responsible for your financial problems is a huge, huge issue. It’s just not true. 

The other myth they’re pushing is this idea that we can all save for our retirement and it's all going to be fine.  A lot of people just can’t afford to do it. That's a real problem and it's not a problem that anyone in the industry is wrestling with in any real way."