Sometimes advice can be bad or a wrong fit for you - even with the best intentions.
And when it comes to saving it can lead to needless shopping, budgets that don't work, and frustrating outcomes.
So we have put together a list of the most commonly handed out advice and why it might be bad for you and your personal finances.
The money-saving principle is simple: spend less money than you earn.
If you have found that your savings are not as good as they could be or you are not sure where your money is going each month, these could be useful things to consider.
Follow all the sales
Never paying full price for something is most money-savers dream about, but the reality is that even the best bargain comes with a price tag.
Following all of the sales sites, subscribing to discount stores, and rushing out to get the best deals are fine but only if you wanted the item in the first place.
Taking stock of what you have and thinking carefully about what you need before looking up costs and sales is a better way to approach discount shopping.
This applies to clothes sales and food sales. Buy what you need.
Manifest money
This is a phrase that is sometimes spouted by finance gurus who claim you can 'manifest' wealth in your life.
Whether it actually works has been heavily debated with praise and criticism.
Manifesting has become shorthand for the idea that you can have everything you want in life simply by focusing on it, surrounding yourself with positive energy and really, truly believing that it will happen.
Some call it blind optimism and some money-saving experts say it can promoting an unrealistic reality that isn't achievable for most of us.
While there is nothing wrong with a positive attitude, it won't make you money or save you money so at the very least combine it with proactive action.
Cut back on luxury items
This tip runs the risk of taking the fun out of day-to-day life and if you are getting no enjoyment out of the savings plan you'll be less likely to stick to it.
If you enjoy a luxury coffee or your favourite food is a cake that costs £4, you don't have to cut it out completely.
Even halving the number of luxury spends will benefit your savings.
Only fly budget airlines
A £20 flight to a sunny beach is hard to resist for most people but make sure you read the small print and find out if there are extras to pay for.
You might have to pay more money for baggage fees, booking seats or it might include a layover and you end up waiting for a long time in the airport and ruining your savings on snacks and magazines.
Buy items in bulk
When we have more of something we tend to lose our frugal habits compared to when we know we only have a limited amount.
Take toothpaste as an example: this is a great non-perishable item to stock up on, but if we have five on the shelf we might be less likely to get the most of what we have.
That last bit can go a long way if we want it to.
If you are guilty of this it might be worth buying items one at a time.
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