Which money myth has done the most damage to your finances?

Britain is uniquely fixated on buying property at all costs, but decades of chasing mortgages has left millions house-poor, over-leveraged, and financially fragile. Sometimes renting is simply the smarter move.

Millions of Brits were told to just enrol in a workplace pension and not worry about it, only to discover decades later that auto-enrolment minimum contributions are nowhere near enough to retire comfortably.

Using a credit card as your financial backstop sounds practical until 39.9% APR quietly compounds into a debt spiral that takes years to escape. It's not a cushion — it's a trapdoor.

Generations of working-class Brits were told the stock market wasn't for them, leaving decades of potential compound growth on the table while inflation silently eroded their savings accounts.

Students were sold a near-guaranteed return on their university investment, but with tuition fees now hitting £9,250 a year and graduate salaries stagnating, that promise has aged very badly indeed.

Whether it's your bank, energy supplier, or insurance provider, staying loyal in Britain almost always means paying the loyalty tax — new customers get the deals while you quietly get fleeced.

While buying used often makes sense, blindly avoiding new purchases has led some people to spend more on repeated repairs, inefficient appliances, or unreliable second-hand cars than they ever would have otherwise.

The belief that UK house prices only ever rise has encouraged reckless borrowing and left people devastated when markets corrected — just ask anyone who bought in 2007 with a 95% mortgage.