The article discusses the phrase "never say never" as popularized by Charles Dickens and its application to financial advice. It illustrates how rigid adherence to general rules, such as never giving money to your children, can overlook important exceptions. The author emphasizes the importance of critical thinking in financial decision-making, suggesting that circumstances can warrant deviations from seemingly sound advice. This perspective allows for a more nuanced understanding of financial situations, ultimately leading to better outcomes.
Even good financial advice should anticipate exceptions.
Generally speaking, credit cards are better than debit cards, but not in every situation.
Sometimes it may even be better to lease a car than to own it outright.
Throw in the side benefit of not causing your son to resent you for being a selfish Scrooge.
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